dhenwood at panix.com
Mon Jun 12 09:15:32 MDT 1995
At 1:52 AM 6/12/95, Paul Eric Olson wrote:
>Why is the median personal income dropping?
I assume this means in the US. The reason is simple: increased work effort
(i.e. people working longer hours, plus more people, especially women,
entering the paid workforce) has about reached its social limit, at least
for now, so the 20-year decline in real wages is no longer being offset.
[dhenwood at panix.com]
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