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Wage Apocalypse for the American man: Typical male worker earned less in 2014 than in 1973.
mybudget360.com / by mybudget360 / October 1, 2015
The middle class destruction train is moving full steam ahead if we are to examine Census figures closely. And the American male has a first-class ticket on this express train to wage destruction. According to the recently released Census figures full-time working males are earning less than they did in 1973 adjusting for inflation. Purchasing power matters greatly even though there is this ongoing narrative that we are experiencing very little inflation. Has anyone taken a look at housing costs, healthcare costs, or even college tuition? The problem at the core of this salary stagnation is that productivity gains are simply not trickling down to the typical worker. The Great Recession largely smashed male employment. Males lost 3 out of 4 jobs in the Great Recession. The financial crisis impacted everyone, male and female, but there is some interesting data to be examined from the figures for full-time working males.
Recession impact on males
One of the caveats I will begin with is that the typical (median) American household earns about $52,000 per year. This is important to note because we have a massive number of Americans working in part-time jobs and also, low-wage fields.
The post Wage Apocalypse for the American man: Typical male worker earned less in 2014 than in 1973. appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/10/02/wage-apocalypse-for-the-american-man-typical-male-worker-earned-less-in-2014-than-in-1973/
