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Median Wages Have PLUMMETED Since 1969
Posted By Washingtons Blog On August 9, 2012 @ 1:30 am In Think Tank | Comments Disabled
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.
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2012/08/median-wages-have-plummeted-since-1969/
URLs in this post:
 Image: http://www.blogger.com/%20http://lh4.ggpht.com/_DFE3JnAqGKE/SuDU5zCQ_sI/AAAAAAAAAso/XS1ViCua7vA/Dollar-from-1913.gif.jpg
 document: http://www.hamiltonproject.org/files/downloads_and_links/07_milken_greenstone_looney.pdf
 Ezra Klein: http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/07/31/wages-arent-stagnating-theyre-plummeting/
 Image: http://www.washingtonpost.com/blogs/ezra-klein/files/2012/07/hamilton1.jpg
 kept dropping: http://online.wsj.com/article/SB10001424052702304248704575574213897770830.html
 depression-level unemployment: http://www.washingtonsblog.com/2011/06/unemployment-during-the-great-depression-has-been-overstated-and-current-unemployment-understated-weve-now-got-depression-level-unemployment.html
 Image: http://www.washingtonpost.com/blogs/ezra-klein/files/2012/07/hamilton2.jpg
 idiotic government policy: http://www.washingtonsblog.com/2011/07/of-course-unemployment-is-rising-government-policy-is-guaranteeing-it.html
 part-time and low wage: http://www.zerohedge.com/news/final-nail-todays-nfp-tragicomedy-record-surge-part-time-workers
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