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Tony Weddle

I'm not clear about this. The Reuters article talked about comparisons with 1997, but in terms of 2009 dollars. I presume that means inflation has been taken into account. So $54,000 in 1997 (in 2009 dollars) is roughly equal to $54,000 in 2009 (at least officially, using flawed inflation measures). And, if incomes are staying flay in real terms, wouldn't most years show a similar average of 54,000 2009 dollars? I know most capitalists would expect average incomes to keep rising in real terms, so this report is bad, but is it quite as bad as you make out?

Mind you, those figures for top "earners" are disgusting.

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