Men in their 30s lag behind fathers in pay.

[rpannier]

American men in their 30s today are worse off than their fathers' generation, a reversal from just a decade ago, when sons generally were better off than their fathers, a new study says.

The study, the first in a series on economic mobility undertaken by several prominent think tanks, also says the typical American family's income has lagged far behind productivity growth since 2000, a departure from most of the post-World War II period.

The findings suggest "the up escalator that has historically ensured that each generation would do better than the last may not be working very well," says the study, which is scheduled for release today.


on note: Pretty bad when the Wall Street Journal is the publisher of these findings -- but they're probably part of that elite scrub hating media that faux news tells us about.

http://articles.moneycentral.msn.com/Investing/Extra/MenIn30sLagFathersInPay.aspx

[Deja Q]

1. But offshoring will help our economy!

n/t

[Kansas Wyatt]

2. But the economy has never been better.

They don't need to work and earn as much, because they can invest all their money into this booming economy.:sarcasm:

Yes, I do actually believe these stupid fuckers in Washington actually think that, and they are suppose to be the smart ones.

[Warpy]

3. Men in their 50s lag behind their fathers, too

because pay has never reached its purchasing power in 1969.

That's why Mom had to go to work. Men found their wages inadequate to support a family.

This has been going on for a very long time under administrations by both parties. It's been national policy to suppress wages while restructuring taxes to funnel wealth to the richest.

It's class warfare and we the people are on the losing side.