Once again, 1980 seems to be a benchmark of sorts... Indeed, if - TopicsExpress



          

Once again, 1980 seems to be a benchmark of sorts... Indeed, if you adjust for the higher number of hours worked, over the 1979 to 2007 period (selected to avoid the effects of the steep recession that began in 2008), hourly pay for the bottom 20 percent of households rose only 3.2 percent. Total, not per year. In other words, in nearly three decades, these lower-income workers saw no meaningful gain in what they were paid for an hour of labor. Their overall inflation-adjusted income rose a bit, but mainly because they put in more hours of work.
Posted on: Tue, 10 Jun 2014 20:49:12 +0000

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