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> Women joined the workforce, supply went up, price went down. There's some truth to this. A while back Mother Jones declared the '00s to be a "Lost Decade" be
by sigil 13y ago
> Women joined the workforce, supply went up, price went down.
There's some truth to this. A while back Mother Jones declared the '00s to be a "Lost Decade" because household income had flatlined. [1] However, on page 36 of the same census report cited by that MJ article [2], you can see that real median income earnings (this is after inflation adjustment) of fulltime individual workers increased 2.6% for men and a very significant 8% for women during the '00s.
[1] http://motherjones.com/kevin-drum/2009/09/our-lost-decade http://motherjones.com/kevin-drum/2009/09/our-lost-decade
[2] http://www.census.gov/prod/2009pubs/p60-236.pdf http://www.census.gov/prod/2009pubs/p60-236.pdf