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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GraceZ who wrote (51028)1/23/2006 6:12:24 PM
From: anachronist  Read Replies (2) of 110194
 
I watch the IRS income stats pretty closely as well as the surveys that the BLS does on income and spending and it conflicts with the notion that wages aren't keeping up with CPI inflation over the last ten years.

I don't think so:

"Between 1979 and 2004, the median weekly earnings of a man between 35 and 44 fell 7.8 percent after adjusting for inflation, according to data from the Bureau of Labor Statistics. For men between 45 and 54, their median weekly earnings fell 2.3 percent.

A big reason for that decline, Zandi said, is the decline in manufacturing jobs due to global competition.

Women during the same 25-year period fared considerably better. The median weekly earnings of female workers between 35 and 44 rose 20 percent, while they rose 25 percent for those between 45 and 54." But that was because of increased job opportunities and decreased discrimination

Also:

"At the household level, there has been a 30 percent rise in median income since 1967, according to data from the Census Bureau. But in the past few years, median household income has remained flat, and real median earnings have actually fallen for both men and women."

But that is because of two worker families, not because paychecks are getting bigger

Lots more interesting information here:

money.cnn.com
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