From March 2020 to March 2022, the average hourly wage of American workers increased by 10% to $31.73 From BLS

The following is the From March 2020 to March 2022, the average hourly wage of American workers increased by 10% to $31.73 From BLS recommended by recordtrend.com. And this article belongs to the classification: global economy .

The latest data show that during the epidemic, American billionaires made a lot of money, and their net assets increased by 62%. In contrast, the hourly wage of American workers increased by only 10%. It is no secret that the world economy has experienced turbulence in the past two years. From March 2020 to now, the epidemic has changed almost everything, from people’s workplace and way to people’s financial situation. But reports after reports show that for some of the richest people in the United States, the past two years have been full of money.

According to the latest report, the wealth of American billionaires increased by 62% between March 2020 and March 2022, based on Forbes data. Meanwhile, data from the Bureau of Labor Statistics (BLS) showed that the average hourly wage of American workers increased by 10% during this period, from $28.79 to $31.73.

This may not be a perfect comparison between the income of billionaires and ordinary workers during the epidemic, because it shows that the overall assets of billionaires and the hourly salary of workers are increasing. However, other data show that from the first quarter of 2020 to the fourth quarter of 2021, the total wealth of the richest 1% of the population in the United States increased by 49.2%, from $30.73 trillion to $45.86 trillion.

At the same time, the total wealth of the bottom 50% of the population in the United States increased from only $1.86 trillion to $3.73 trillion. In other words, the wealth of the richest 1% of the population in the United States is more than 12 times that of the bottom 50%.

“We can improve poverty in the United States, and it’s easy to do that: tax the rich; and then invest in working families,” the report said

According to the data analysis of Forbes, from March 18, 2020 to April 5, 2022, the net capital of Tesla CEO Elon Musk increased by $266 billion, an increase of 1080%.

In addition to musk, the wealth of Amazon founder Jeff Bezos increased by $768, Microsoft co-founder Bill Gates increased by $37 billion, Google co-founder Larry Page increased by $68.1 billion, and the wealth of another co-founder Sergey Brin increased by $65.2 billion, Facebook founder Mark Zuckerberg’s wealth increased by $28 billion.

In the past two years, the amount of taxes paid by American billionaires has become the focus of attention. Data show that the proportion of taxes paid by these billionaires is surprisingly low; In some cases, income tax is not even paid at all.

In April 2020, the International Monetary Fund (IMF) called on governments to consider levying a wealth tax to increase income during the epidemic. In 2021, the IMF once again said that taxing the rich and enterprises would help the economic recovery.

In the United States, although President Biden does not support a direct wealth tax, he proposes to focus on where billionaires get their assets. As part of the budget proposal for fiscal year 2023, the White House recently announced a new minimum income tax for billionaires, which will require families with assets of more than $100 million to pay at least 20% of their total income, including unrealized investment income.

The White House estimates that the tax will raise $360 billion over the next decade. But centrist Democrats may oppose any proposed tax increase.

More reading: “Forbes”: Musk’s salary of 71 billion yuan in 2020 became the world’s highest paid CEO Amazon CEO’s ten sentences: ten lessons in business Bloomberg: Ma Yun ranked 17th in the top 50 global influential figures in 2016 New York Times: Apple’s top 10 in the Global CEO salary ranking in 2015 faded American Dream: the trend of absolute income liquidity since 1940 (with paper) The most valuable information maps in the eyes of Wall Street analysts used to look like this? In 2020, the net assets of the global rich collectively evaporated by trillions of dollars. Travelport: in 2017, the net profit of Q3 travelport was $5 million, a year-on-year decrease of 78%. Economist: Economic Analysis of low wages. Bezos’s Secret: How did Amazon become a mass store? （1） “Looking at e-commerce from the perspective of U.S. retail industry” series (III) — technology interpretation of U.S. retail technology interpretation of three major trends in the field of science and technology in 2013 Amazon: Q4 revenue in 2012 was US $21.27 billion, and net profit decreased by 45%. Nikkei Asia review: in 2019, the year-end market value of global technology companies ranked first in Asia. Alibaba ranked first in Asia

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.

RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.