“The $2.5 Trillion Annual Theft” — Blog For Iowa

That is an estimate of how much the annual theft is from America’s workers.

A study came out this week that astounded nearly everyone. While everyone knows that workers have been left behind in the economic race since the early 70s, there had never been a study to put a real number on it. The RAND corporation undertook that challenge. The numbers they came up with caught most everyone by surprise:

Rick Wartzman at fastcompany.com addresses that with his opening paragraphs on the findings:

“Just how far has the working class been left behind by the winner-take-all economy? A new analysis by the RAND Corporation examines what rising inequality has cost Americans in lost income—and the results are stunning.

A full-time worker whose taxable income is at the median—with half the population making more and half making less—now pulls in about $50,000 a year. Yet had the fruits of the…