FWIW, this has been the general nature of income trends for a couple of decades now.
Eugene Coyle wrote: > Only workers with "professional degrees" -- e.g. doctors and lawyers -- have > seen earnings increase in recent years, reports the Wall St. Journal. > This obscures who is getting the biggest share of GDP, for owners versus > workers doesn't show up here. There was a similar report in Foreign Affairs > about a year ago. > High-Degree Professionals Show Power > > Survey Highlights > Worry of Winners, > Losers in Economy > By CONOR DOUGHERTY > September 10, 2008; Page A3 > > Workers with professional degrees, such as doctors and lawyers, were the > only educational group to see their inflation-adjusted earnings increase > over the most recent economic expansion, adding to the concern that the > economy has benefited higher-earning Americans at the expense of others. > > Workers in every other educational group -- including Ph.D.s as well as high > school dropouts -- earned less in 2007 than they did in 2000, adjusted for > inflation, according to data from the Census Bureau. Data don't include 2008 > earnings. -- 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
