Feeling Poor? You should, you’re pay has been cut 22% in 9 years
by John Galt
October 21, 2009
The Bureau of Labor Statistics (BLS) publishes a quarterly report which often is ignored but should drive the point home just how badly middle America is being screwed by our central bank that we all know and love as the Fed. This report is titled the “Usual Weekly Earnings of Wage and Salary Workers” and you can review the current data by clicking on the link provided. While everyone is cheering and saying “see we are all making more money” if you review the historic data and chain it to when our fiat currency was more important to this nation, you realize we’re not exactly improving one whole heck of a lot. The median earnings direct from the BLS pages with data from 2000 forward in 1982 constant dollars is here:
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NOTE - If you've never visited this blog before, it is pretty interesting stuff. Of particular mention are his "prepetorials" that are a sort of shock therapy to mentally prepare you for some worse case scenarios. They should be available in the archives (all 24 of them) but if not, send me an e-mail and I'll send them to you.
