Madrick's review is good (though I haven't read Gosselin's book). He should note that inflation has likely been at a higher rate than the estimates he uses to correct incomes for inflation, so that real wage stagnation is worse than indicated below. Dean Baker is good on this subject.
> At least men haven't fallen much behind in America, some will answer. Well, > high-school-educated males have fallen behind by a lot. College-educated > males have seen median wages stagnate for 30-year stretches and longer. > Here's some of my own data, done with the estimable researcher Nikos > Papanikolaou. > > Median Males: High School > (12th-grade diploma) > Age 25-34 Age 35-44 Age 45-54 > 1979 $36,865 $42,358 $44,102 > 2005 $30,000 $37,550 $39,000 > > Note below that even typical men with a college education have seen no > increase in earnings for 20- and 25-year stretches since 1969. > > Median males: College > (Four years / degree) > age 25-34 age 35-44 age 45-54 > 1969 $45,634 $54,760 $52,479 > 1979 $40,489 $54,816 $64,783 > 1989 $44,925 $54,731 $66,105 > 2000 $45,342 $58,945 $63,480 > 2005 $47,000 $63,000 $64,000 > > Data: Jeff Madrick and Nikos Papanikolaou, Schwartz Center for Economic > Policy Analysis, The New School. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
