
(Source: Lawrence Mishel)
A blog by Anthony W. Orlando and friends
Posted in Smart Charts.
Tagged with Economic Policy Institute, financialization, income inequality, labor power, Lawrence Mishel, median compensation, median wage, Productivity, The Great Divergence.
By Anthony W. Orlando – April 30, 2012
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[...] were told that it was a new era. We were told that we needed to sacrifice our job security, our wage increases, our retirement benefits — all in the name of globalization. We were told that America [...]
[...] disappear, replaced by low-wage, no-benefit service jobs — if they’re replaced at all. Wages for the average worker will decline relative to inflation. Most households will have to work more hours just to maintain [...]