Washington, DC incomes highest as poverty gap widens





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Uploaded on Oct 24, 2011

According to a Bloomberg report, Washington, DC now has a higher median income than San Jose, home to Silicon Valley.

Isolated from the rest of the nation's woes, federal employees enjoyed over $120K in salary and benefits in 2010.

A driving factor is the lobbying industry on K Street, which is even giving Wall St. a run for its money.

The Beltway also attracts a disproportionate amount of high-salaried lawyers. There is one for every 12 people in the district.

How much more will the gap widen between rich and poor in America?

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