Men in their 30s lag behind fathers in pay
Our trade and immigration policy is selling out future generations in America. Do you think Americans are waking up to this race to the bottom economic policy that is driven by cheap wages that help Multi-national Corporation at the expense of the middle class?
By The Wall Street Journal
American men in their 30s today are worse off than their fathers’ generation, a reversal from just a decade ago, when sons generally were better off than their fathers, a new study says.
The study, the first in a series on economic mobility undertaken by several prominent think tanks, also says the typical American family’s income has lagged far behind productivity growth since 2000, a departure from most of the post-World War II period.
The findings suggest “the up escalator that has historically ensured that each generation would do better than the last may not be working very well,” says the study, which is scheduled for release today.
May 29th, 2007 at 10:10 am
The only real test of wages is what they will buy. Even if they make more, they are worse off if the dollar buys less.
When you look at the other articles posted on the government, its policies, lack of reform, debt, etc. you know that we are worse off since much of that badly managed government shows up in inflation. Both higher taxes on business and higher compliance costs mean higher prices. Then add the falling value of the dollar and you can make 10% more than a few years ago and still buy less with it.
May 30th, 2007 at 3:33 am
Without disputing the findings of this study, my Dad decided to buy a new car instead of a desktop computer back in 1977.
June 13th, 2007 at 11:44 am
[…] In truth the purpose of his immigration and trade votes is to drive downwages on behalf of his corporate campaign donors. […]