X hits on this document

# MAKING AMERICA WORK: ALFRED P. MURRAH PROFESSORSHIP INAUGURAL LECTURE* - page 6 / 20

40 views

0 shares

6 / 20

Dispatchers

\$035,115

002,103

\$16.53

Prekindergarten and kindergarten teachers

\$033,487

001,672

\$19.45

Secretaries

\$032,349

001,994

\$16.11

Garbage collectors

\$031,284

002,172

\$12.96

Transportation ticket and reservation agents

\$030,044

002,054

\$14.78

Bank tellers

\$022,317

002,049

\$10.65

Nursery workers

\$021,671

001,937

\$09.87

Nursing aides, orderlies and attendants

\$020,959

002,015

\$10.20

Cashiers

\$019,305

002,033

\$13.23

Hotel clerks

\$018,255

002,022

\$08.95

W aiters and waitresses

\$008,789

001,906

\$04.44

# [Vol. 60:53

Source: Jonathan Barry Forman, M aking Am erica Work (2006), 27 (figure 2.4)

# Figure 2 shows the distribution of earnings of full-time workers in 2004 — by percentile. That year, a high-paid worker — one in the ninetieth percentile

• earned \$84,000. Meanwhile, a worker in the tenth percentile earned just

\$15,600.

One way to measure inequality is to compare the earnings of workers at various positions in the earnings distribution. For example, dividing \$84,000 by \$15,600 gives us a so-called “90/10 ratio” of more than five to one.

In fact, the remarkable difference between the pay of average workers and the pay of top earners simply cannot be captured in a graph like this. In 2004, for example, the typical chief executive officer of a major U.S. company made

 Document views 40 Page views 40 Page last viewed Sat Oct 22 18:07:21 UTC 2016 Pages 20 Paragraphs 392 Words 5823