The median income for full-time American workers has fallen for the third year in a row

[NNN0LHI]

http://www.suntimes.com/news/quicktakes/540782,CST-NWS-qt04.article

Capitalism at its finest

QT Trickle-On Economics Update:

• • The median income for full-time American workers has fallen for the third year in a row.

• • The average American worker has to work 36 years to take home the same amount that the average CEO receives each year in perks alone.

Welcome back from Labor Day!

[presspeal]

1. Thanks...

it's nice to be noticed when your making some one else rich!:mad:

[MannyGoldstein]

2. Non-Supervisory Income Peaked In The Early Seventies

(adjusted for inflation)

It's been almost all downhill ever since.

[The2ndWheel]

3. More people in the workforce, fewer people actually needed for work

Add that up, and see what you get.

[TechBear_Seattle]

4. Is this base income, gross benefits or real income?

I hate factoid news.

Base income looks at just the dollar amount a person earns on the average. A fall here would mean that people are either leaving the workforce entirely or leaving higher paying jobs for lower paying jobs.

Gross benefits looks at the dollar amount, but also includes intangibles such as the value of health insurance, 401(k) and other benefits. This might decrease because of the reasons given above, or because other benefits are being decreased.

Real income compares gross benefits with an average cost of living. This might decrease because of the reasons given above, or because cost of living is increasing faster than income.

Different measures of economic health.

[Atman]

5. THE ECONOMY IS GREAT!

If you're already very wealthy.

.

[Gretchen]

6. Thanks for a good labor day posting

I really appreciate your spirit for a serious holiday in America.(Meant in response to the original post)