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Earnings: Them and us!

"A 12 percent increase for people in the top 1/20th of 1 percent of the population. That's an average raise of $110,000 a month, enough to buy a new Mercedes G550. The Times dutifully points out that millions of Americans are having trouble paying their mortgages and millions are still part of the worst unemployment situation in the post-World War II era, there is no mention that the median pay increase for all U.S. workers who had jobs in private industry in 2010 was 2.3 percent, an average raise of $88 a month, enough for one tank of gas in a Mercedes G550."

So reports AlterNet in a piece on how CEO have done very nicely thank-you despite and since the GFC. Go here to see a USA Today "2010 CEO pay chart, sorted by total".

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