If you feel like the recent good news about the economy has not trickled down to you, it may be because today’s middle class has it harder than generations past. Here’s why:
- In 81% of US counties, the median income is lower today than in 1999
- Between 1989 & 2014, our economy grew by 83%, with no real wage growth for households with five-figure incomes
- In the 1960’s General Motors was America’s largest employer, paying an average (inflation-adjusted) $50/hr to it’s workers. Wal-Mart now has America’s largest workforce and pays its average worker $10/hr (sometimes without benefits).