Two Americas

NYT is reporting here that the total adjusted gross income listed on tax returns from 2000 to 2002 fell by 5.1 percent--9.2 percent if inflation is taken into account. (There are lots of good numbers in that article--definitely worth reading.)

Meanwhile, FT is reporting here that chief executive salaries have risen by 22.2 percent in 2003--double the rise from 2002.