Wow. That blows my mind. That was the main thing Gen Xers know Geraldo for.
Point? Hip hop has raised household incomes?
Still undefeated. Never concede the point if you want to stay undefeated.
What point? $5000 over 35 years in which dual income households increased significantly?
That's an 11% increase even after adjusting for inflation, and the average family size has gone down, not up. Your graphic tries to make the point that the "typical worker" made $73,000 a year in the past. Not true.
That's an 11% increase even after adjusting for inflation, and the average family size has gone down, not up. Your graphic tries to make the point that the "typical worker" made $73,000 a year in the past. Not true.
How does that 11% over 35 years compare to real GDP growth over the same time period? Also household size doesn't address the question of dual income homes being much more prevalent now. What does the median employee earn today versus 35 years ago in real dollars?
Just to be fair, I don't think stagnant wages are all due to greedy shareholders keeping the man down. It's also a lot more expensive to insure employees with a large portion of that paid by the employer and never really seen by the employee. Also globalization has certainly driven down wages since it's more economically feasible to hire cheap labor overseas.