Career Calling

September 20, 2014

A Simple Way to Understand the Wage Problem

Filed under: Economics — claycerny @ 9:49 pm
Tags: , , , , , ,

 

A picture – or a graph – can be worth a thousand words. In a recent blog post, Paul Krugman includes a graph that tracks the wages of U.S. workers from 2007-Present. Between 2009-2010, the average wage of American workers takes a sharp drop. In the years since 2010, wages have remained stagnant. This graph helps us understand why many American remain downbeat despite the “good” news about job growth. Too many people are working hard and running in place – or–worse still – falling behind. As Krugman says, our political leaders don’t get it or don’t care. Hopefully they will wake up before it’s too late.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: