I live in the USA and I am concerned about the future. I created this blog to share my thoughts on the economy and anything else that might catch my attention.
Saturday, March 10, 2012
Real Men Scoff at Real Earnings
It's been a rough decade. Care to guess when the median inflation adjusted earnings of men peaked?
The vertical line on this graph indicates an inflection point of 1973. You could perhaps move it out to the next bump, if you squint, but not much further. Irrespective of that detail, what this means, simply, is that the already wealthy have captured more of the pie since the break point.
Same song.
ReplyDeleteDifferent verse.
http://jazzbumpa.blogspot.com/2011/02/more-on-golden-age.html
WASF,
JzB
When Nixon decided to accommodate to the extravagant, unfunded and ill-directed spending of LBJ, Things Got Worse.
ReplyDeleteJazzbumpa,
ReplyDeleteFrom your link:
The vertical line on this graph indicates an inflection point of 1973. You could perhaps move it out to the next bump, if you squint, but not much further. Irrespective of that detail, what this means, simply, is that the already wealthy have captured more of the pie since the break point.
Same song indeed!
dearieme,
ReplyDeleteGuns and butter!
What could possibly go wrong again?
I found the following on the web:
ReplyDeletehttp://postimage.org/image/639rel0oh/
eye opening!
In Hell's Kitchen (NYC),
ReplyDeleteI'd like to comment on the chart you found.
Tapeworm infection
Tapeworms of the genus Echinococcus infect and cause the most harm to intermediate hosts such as sheep and cattle.
D'oh! I managed to stray way off topic. Sorry about that! I have no idea what got into me. ;)
In all seriousness, our economy feels like it is trying to revert back to the Dark Ages (albeit one with a 45 million person food stamp program).