Economic Report

By Doug Cunningham

The share of total income going to workers has dropped since 2000. The Wall Street Journal reports that half of all American workers combined are making just 12.8 percent of all income in the country while the richest one percent are pulling in a whopping 21.2 percent of total income. What does that mean for the median taxpayer? It means your real income after being adjusted for inflation fell two percent between 2000 and 2005. A small boost in incomes lately has not made up for that shortfall.