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To: Elroy Jetson who wrote (65790)	5/28/2007 12:57:17 AM
From: benwood	Respond to of 116555

I suspect that 12% less pay for men in their 30s, as compared to 1974, would in reality equal perhaps 30-35% less in real terms (that is, adjusting for CPI lies). I know that in 1980, I was able to move out and work only summers and pay my own way through college (with some part time two years). I look at the kind of pay being offered my 18 1/2 y.o. who's a freshman, and in nominal terms, it's the same as what I was paid 27 years ago. My advantage was that I worked in industry (at a pulp mill) and most of those jobs are gone. That old mill closed last summer, in fact. Thankfully, however, all that decline in income hasn't been lost to our society. The ultra wealthy have stepped in and sponged it up, thank goodness! All for one and ... how does that go again?