Showing posts with label death of the middle class. Show all posts
Showing posts with label death of the middle class. Show all posts

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