Thursday, September 15, 2011

Rational Irrationality: Poverty in America: Four Lost Decades : The New Yorker

Rational Irrationality: Poverty in America: Four Lost Decades : The New Yorker: " I think most people have already cottoned on to the idea that we have been through a “lost decade.” To get the picture, you just have to look at the stock market or your last paycheck.

...what is really, really alarming is this: a typical American male who works full time and still has a job is earning almost exactly the same now as his counterpart was back in 1972, when Richard Nixon was in the White House, O. J. Simpson rushed a thousand yards for the Buffalo Bills, and Don McLean topped the charts with “American Pie.”

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