segunda-feira, 3 de fevereiro de 2014

The middle class has been sinking toward poverty (everywhere)

Over the period between 1979 and 2007, incomes for the middle class increased less than 40 percent while inflation was 186 percent. According to the Saez study, 99 percent saw their real incomes increase a mere 4 percent between 2009 and 2012. However, this does not come close to recovering the loss of 11.6 percent suffered between 2007 and 2009, the largest two-year decline since the Great Depression. When adjusted for inflation, low-wage workers are actually making less now than they did 50 years ago.