Economy continues to crumble as feds say otherwise
The number of jobs in manufacturing has declined by 7,231,000–or 37 percent–since employment in manufacturing peaked in the United States in 1979,according to data published by the Bureau of Labor Statistics.
The real median household income of Americans who have completed high school–but have not attained a higher degree–also peaked in the 1970s and has declined since then.
In fact, according to the Census Bureau (Tables H-13 and H-14), the real median household income of an American householder who has completed four years of high school peaked in 1973 at $56,395 in constant 2013 dollars. By 2013, it was down to $40,701. That is a drop of $15,694–or 27.8 percent. (The Census Bureau’s Table H-14 publishes the annual median household income from 1960 through 1990 of householders who have “completed” four years of high school. Table H-13 publishes the annual median household income of householders who have ‘graduated” from high school or its equivalency from 1991 through 2013.)
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
4 comments:
The feds will continue to lie to keep from having to admit their policies have failed. Let's bring in some fresh faces in D.C.
Manufacturing jobs are gone because they shipped out to overseas for cheap labor. That's one reason many Americans can't find employment. Seems the middle class blue collar worker is gone.
No surprise. Longtime residents remember all the manufacturers that have since left the area. I seem to remember Joe had a listing of them at one time. Someone who graduated with me in 1981 was almost assured a job as long as they had decent work ethics. Were these jobs the best in the world? No, but many of them involved skilled labor and paid well enough that you could afford a house, a car, put some money aside and even take a vacation.
it,s all ok people,ceo,s are bringing home over 360% more than factory workers,you right wingers should be happy about that.
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