Career Calling

September 4, 2012

Income Is a Bigger Problem than Jobs

Filed under: Economics — claycerny @ 3:00 am
Tags: , ,

Writing in Daily Kos, Meteor Blades outlines the decline in American workers’ wages between 2000 and 2012.  The news is not pretty.  In 2000 median household income was nearly $56,000 (in 2012 dollars).  Today it has fallen to about $51,000.  Add to that figure increases for inflation, especially health care, and it’s easy to see how American workers are taking it on the chin.  Blades’ article is long, but worth a read.  It offers some frightening analysis about the real problem facing the U.S.  It’s not jobs – it’s income.

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