"The median U.S. household earned $51,939 in 2013. That's down by nearly 9 percent from the 1999 peak of nearly $56,900. This decline in incomes isn't just about the Great Recession. Over a longer time frame, workers' share of the U.S. economic pie has shrunk. This is something economists call the "labor share" or "wage share" of the economy. "Be forewarned: this article discusses Hillary Clinton's positions (or lack thereof) with respect to shrinking paychecks. Normally I wouldn't link an article like this because of the political overtones. However, if we completely ignore the aspects of what Hillary does or does not think, the underlying economic discussion regarding the factors at work here is, I think, very well presented and summarized. No matter who becomes the next president, this situation isn't going away any time soon.
The article.
Comments
Caution- tabloid.
50 year avg inflation rate, various
3% avg. annual is close enough for government and my work. That would be just about a doubling every 20 years.
2015 Chevy Silverado pricing
Say goodnight, Catch.
Goodnight