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For instance, the typical 27-year-old man’s annual earnings in 2013 were 31 percent less than those of a typical 27-year-old man in 1969. The data suggest that today’s young men are unlikely to make up for that decline by earning more in the future.
as per “an economist at the nonpartisan Brookings Institution”
“the economists — from the University of Minnesota, the University of Chicago, Princeton University and the federal government ”
Comment:
What the hell took so long to figure THAT out? I knew what coming decades ago, and knew what was wrong decades ago. Obviously the media only admits things after everyone already knows.
Many posts I made re the “31 percent less pay” than back in the day, means the economy is running like a real unemployment rate of 31%. 4.5% unemployment rate today is the alleged nominal unadjusted rate. Adjusted for less purchasing power, we have a REAL rate of 31% unemployed effect.
I think these so-called educated economists need some blue collar help.