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Apropos Quote: The most formidable weapon against errors of every kind is reason. - Thomas Paine
Friday, 13 January 2012 14:24
to a disturbing article Thursday. It shows that full-time male workers in the United States were making less in real, that is, inflation-adjusted, dollars in 2009 than they were in 1969.
But the picture is even worse than that. When you take into account all men aged 25-64, whether they are working full time or not, they are making far less in real dollars in 2009 than they were four decades ago. Unsurprisingly, the less education they have, the worse off they are. The chart above shows just how bad it is.
The bottom-line: Wages for men have not just stagnated over the past four decades, they've slipped. And this is true regardless of education.
by Michael Greenstone and Adam Looney, both of the Brookings Institution and the Hamilton Project, the latter founded in 2006 by Robert Rubin to set forth an agenda of centrist economics for Democratic administrations to adopt.
Over the past 40 years, a period in which U.
Read more of this DailyKos Article
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