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Wednesday, April 30, 2014

Men Who Work Full-Time Earn Less Than 40 Years Ago

(CNSNews.com) - The real median income of American men who work full-time, year-round peaked forty years ago in 1973, according to data published by the U.S. Census Bureau.

In 1973, median earnings for men who worked full-time, year-round were $51,670 in inflation-adjusted 2012 dollars. The median earnings of men who work full-time year-round have never been that high again.

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5 comments:

Scott said...

Don't have to tell me this! I already know my parents had it better than me. When I grew up, you only needed one income and you'd didn't need a college degree to make a decent living. Now a college degree doesn't even guarantee a living wage.

Anonymous said...

Notice how the decline/leveling off coincided with the massive entry of women into the workforce. Influx of cheap labor always holds down the cost of labor.

Anonymous said...

What do you women think about 7:48's comment?

Anonymous said...

9:59 he's a dope. You don't suppose the devaluation of the dollar, all of our munufacturing going to China and having a socialist/communist president has anything to do with it do you?

Anonymous said...

"9:59 he's a dope. You don't suppose the devaluation of the dollar, all of our munufacturing(sic) going to China and having a socialist/communist president has anything to do with it do you?"

So 5:04 40 years of stagnant wages for men(did you even look at the graph) is due to 6 years of a communist/socialist president.
I decided to look into 7:48's comment and found that from 1972-2000 the rate of labor force participation for women increased by 35% and median wages for women increased by 50% in that same time.
So comparing the 2 comments 7:48's and 5:04's for a workable hypothesis on mens' wage stagnation I would think 7:48's the less simplistic and idiotic.
I guess in your grand and glorious informed world view this makes me a dope also.