American wages have plummeted so low that a two-income family is now (on average) 15% poorer than a one-income family of 40 years ago.

abaldwin360:

NEW YORK (Bullion Bulls Canada) — In writing about the relentless collapse of Western economies, I frequently point to “40 years of plummeting wages” for Western workers, in real dollars. However, where I have been remiss is in quantifying the magnitude of this collapse in Western wages.

On several occasions, I have glibly referred to how it now takes two spouses working to equal the wages of a one-income family of 40 years ago. Unfortunately, that is now an understatement. In fact, Western wages have plummeted so low that a two-income family is now (on average) 15% poorer than a one-income family of 40 years ago.

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    But that’s only half of it. Sure, inflation is eating up the value, but wages themselves have remained stagnant for...
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    tee hee Inflation~ Gotta love the floating dollar.
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    This is scary.
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