|
Posted by Don Klipstein on September 3, 2006, 2:52 pm
If you were Registered and logged in, you could reply and use other advanced thread options
>Leythos wrote:
>
>>So, factoring "Inflation" the hourly wage has decreased - wonder how it
>>was if you don't factor inflation.
>
>Irrelevant - a loss in median inflation adjusted wage hasn't happened
>in 50+ years.
Median household income in 2002 dollars decreased from $42,900 in 2001
to $42,409 in 2002.
That period had fulltime yearround workers gaining 1.4% for males, 1.8%
for females, but employment per household had to decrease in some way or
another to cause inflation-adjusted median household income to decrease.
There is a graph showing wages of fulltime yearround workers 15 years
and older, separately for men and women, from 1967 to 2002:
Earnings decreased for both men and women in 1974-1975, 1978-1981
and 1992-1995.
Earnings decreased for men with the increase for women being to small to
make the figure for all workers increase in 1973-1974, 1981-1982, and
1986-1990.
The steepest increase since 1971-1973 was in 1996-1998.
http://www.census.gov/prod/2003pubs/p60-221.pdf
The graph of median earnings of fulltime yearround workers is Figure 3.
>Then again, you don't understand the difference between annual surpluses
>and ongoing debt, so it easy to understand how easily confusing it is
>for you.
We had some annual surpluses in the last few fiscal years of the Clinton
administration, and all other years since some time in the 1960's we had
deficits. The ongoing debt decreased in surplus years and increased in
deficit years.
- Don Klipstein (don@misty.com)
| 
XML site map