Real Wages Much Lower Than They Were Four Decades Ago
Wages need to rise to keep up with inflation, especially since the value of the dollar has been trashed:
In addition – when those who have only part-time work are taken into account – we have depression-level unemployment.
As Klein notes:
When you take all men, not just those working fulltime, into account, the slight decline in the above graph becomes a plummet of 28 percent in median real wages from 1969 to 2009.
Category: Think Tank
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.