FINANCIAL TIMES: …According to figures released last week, median wages have continued to fall across the board in the US since 2006, and have never fully recovered from the 2000-01 financial crisis when the dotcom bubble burst…
For male workers in the US, the long-term trends are even bleaker. “What’s happened to the American man since the early 70s is quite dramatic,” said Michael Greenstone, a senior fellow at the Washington-based Brookings Institution think tank.
In 2009, the median full-time male worker aged 25-64 was earning $48,000 – roughly the same as in 1969 in real terms. Meanwhile, in the same 40-year period, the income of the top 2 per cent of working-age men has jumped 75 per cent… (more)
