The data on US pay in 2010 has just been released and it is shows why Occupy Wall Street protests are springing up all over the country. The number of workers earning more than $1 million increased by 20%, but the median paycheck fell by 1.2% to $26,361. The median paycheck is back to where it was in 1999.
The unemployment figures are also awful. The number of unemployed increased by 5.2 million since 2007. If we add the 4.5 million who have entered the workforce since 2007, the number of Americans with zero income is around 10 million.
The GOP gained control of the House by promising to provide jobs. Since taking office the GOP has focused on cutting government spending and deficit reduction. Washington seems to be unconcerned about the unemployment problem.
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