3 ms·
Googling "Stiglitz income stagnation" leads me to the following article: https://www.project-syndicate.org/onpoint/the-economy-we-need-by-joseph-e-stiglitz-201
by blacksqr 7y ago
Googling "Stiglitz income stagnation" leads me to the following article:
https://www.project-syndicate.org/onpoint/the-economy-we-need-by-joseph-e-stiglitz-2019-05 https://www.project-syndicate.org/onpoint/the-economy-we-nee...
which contains the following sentence: "And for those in the bottom 90% of the income distribution, real (inflation-adjusted) wages have stagnated: the income of a typical male worker today is around where it was 40 years ago."
That sentence includes a link to the following article:
https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us...
which includes a chart sourced from the U.S. Bureau of Labor and Statistics, showing average hourly wages, adjusted for inflation, going from $20.27 to $22.65 from 1964 to present.