Value

Doug Henwood 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.

Doug

--

Doug Henwood
[dhenwood at panix.com]
Left Business Observer
250 W 85 St
New York NY 10024-3217
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+1-212-874-4020 voice
+1-212-874-3137 fax




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