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From CNN...
And new college graduates also have seen a decline in wages, while tution and student loans have skyrocketed.Between 1995 and 2005, productivity -- a measure of the quantity and quality of what workers produce per hour -- grew 33.4 percent. But hourly wages rose only 11 percent, with almost all of that increase coming during the late 1990s, according to EPI.
Looking back even farther, the disparity is greater. Since 1979, productivity rose 67 percent, while wages rose only 8.9 percent.
"The economic expansion continues to bypass most working families," said EPI economist Jared Bernstein, a coauthor of the report.
And among young college graduates, their entry-level wages have fallen since 2000 -- 79 cents per hour for men and 33 cents per hour for women.When will the money start to trickle down to the rest of us?
5 comments:
Or does it mean that American workers are just becoming more efficient?
American workers are becoming more efficient, but the increase in profits aren't making it to the workers.
So, does that mean that unions aren't doing their job?
Or, are the workers more efficient because of the decisions made by management, and therefore management deserves the pay increases?
Since 1980, the economic philosophy of the Government is trickle down economics. These numbers show that money just doesn't trickle down to the majority of Americans. Government policies are tilted towards the wealthy and it is harder now for unions to organize. These lower wages of the working class.
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