Subject: Remember the good old days ...
... during COVID and its aftermath when income inequality was shrinking.
Apple CEO Tim Cook out-earns the average American’s salary in just 7 hours—to put that into context, he could buy a new $439,000 home in just 2 days
He is not unique and not the highest paid.
https://finance.yahoo.com/news...
The U.S. is home to the most billionaires in the world, and the country’s changing wealth dynamics are not lost on those living paycheck-to-paycheck. The after-tax wages of Americans in the lowest-income group grew just 1.3% year-over-year this July, down from 1.6% in the month before, according to the Bank of America Institute.
Meanwhile, higher-income wages swelled to 3.2% during the same period—the third consecutive monthly increase. This change marks the widest wealth divide between lower- and upper-income households in four years.
“In some sense, we had an improvement in lower-income wage growth since the pandemic, and now that’s gone into reverse,” David Tinsley, senior economist for the Bank of America Institute, told Fortune this August. “There was a narrowing of wealth inequality, and now it’s widening.”