DKW 86 6,548 Posted October 26, 2015 Share Posted October 26, 2015 http://dailycaller.c...n-30000-a-year/ In 2014, half of working Americans reported an income at or below $28,851 (the median wage), and 51 percent reported an income of less than $30,000. Forty percent are making less than $20,000. The federal government considers a family of four living on an income of less than $24,250 to be impoverished.Read more: http://dailycaller.com/2015/10/25/1-in-2-working-americans-make-less-than-30000-a-year/#ixzz3pfsqTpKU The wage index doesn’t take into account the eight million Americans who are unemployed, or the tens of millions of working age Americans who are not participating in the job market. Nearly 40 percent of Americans are not working, which is the lowest participation rate since 1977. Although the unemployment rate has dropped from double-digits in the height of the 2008 recession to about 5 percent in the latest jobs report, wages have remained largely stagnant. Wages and share of income for the bottom 90 percent of American wage-earners declined over the past 40 years, as the foreign-born population increased dramatically, according to the Congressional Research Service (CRS). (RELATED: Once Again Foreign-Born Jobs Are Up, U.S.-Born Jobs Down) CRS charted the correlation between wages and the number of foreign-born workers in the U.S. between 1945 and 2010. Before 1970, wages rose sharply as the number of foreign-born persons declined. But after 1970, that population increased dramatically as wages stagnated, increased slightly and then dropped. Folks, if you cant see a new day breaking in American Politics, it is because your eyes are closed. Most people I know dont have good insurance anymore. Their wages are going down. Kids are living with their families longer. Our children are not accumulating wealth like past generations. We have to quit looking at the Reagan Model of Economics. Things have radically changed. It is not the same world we had in 1980. We need to look more toward a Teddy Roosevelt-FDR-LBJ model. If that makes me a Liberal/Socialist/Whatever i am fine with that. Link to comment Share on other sites More sharing options...
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