Monday, January 25, 2016

The Big Picture of the American Economy, and It's Not Pretty

Since 1978, the cost of:*

College tuition has increased by 1,120%

Medical care has increased by 601%

Food has increased by 244%

Shelter has gone up by 380%

Meanwhile, the pay of:

A typical worker rose by just 10%

Minimum wage workers fell by 5.5%

The average CEO increased by 937%

*Sources: EPI, Bloomberg, US Labor Department

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