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It shows that in the aftermath of World War II through the early 1970s, workers got paid more as the economy grew.
Median hourly compensation rose in tandem with productivity (the amount of economic output workers could produce per hour). While productivity kept growing, and the economy as a whole did too (with some temporary setbacks during recessions), the average worker’s pay package did not.
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The left-leaning Economic Policy Institute has been producing that graphic, and ones like it, for years now.“So the argument (of the right) has to be: cash market income of the bottom 99 percent of adults has stagnated but the bottom 99 percent get much more expensive private and government provided health care benefits, some more government transfers, and they have fewer kids,” Saez, who pioneered the use of tax data to study inequality, told the New York Times’s Thomas Edsall in 2012.
It had been reported last month that the couple went for tea with the Queen at Buckingham Palace, which was seen as a meeting to seek the monarch s blessing for an engagement.… continue reading »
Everything you do feels like a love note never passed on. Yes, he is when you are not equipped with the advice, tips, and tricks to get any guy to like you.… continue reading »
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The dating process should be a time of discovery and analysis as to whether or not a certain person would make a good lifetime mate.… continue reading »
Now most of you had probably never heard of her before or watched any of her prior films, but after the biggest movie this year.… continue reading »