Gap between highest paid and lowest shrinks to 1,042 percent

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The gap between the most handsomely paid workers and lowest paid ones in Southwest Connecticut contracted in the third quarter of last year as wages fell for most employees, especially the ones in finance.

The average wage for people working in the highest paying field in the region, securities investment pros, was 1,042 percent higher than the pay for the people serving them drinks and food at restaurants in the third quarter of 2012. In 2013, that gap was was more than 1,200 percent.

In the third quarter of 2012, according to a Connecticut Labor Department report, the average wage for people dealing with investments fell to $59,106. That’s the total pay for three months. In the same period in 2011, this group was making $70,562 for three months.

Meanwhile, people working in bars and restaurants saw their pay fall to $5,175 from $5,358 during the same period.

Overall average wages in the county fell 2.4 percent to $18,371 from $18,842.

Rob Varnon

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