Family Incomes in Trouble. Briefing Paper.

Institution	Economic Policy Inst., Washington, DC.
Titel	Family Incomes in Trouble. Briefing Paper.
Quelle	(1986), (23 Seiten)Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; Monographie
Schlagwörter	Quantitative Daten; Economic Change; Economics; Family Income; Housing; Imports; International Trade; Job Layoff; Manufacturing Industry; Part Time Employment; Productivity; Public Policy; Service Occupations; Structural Unemployment; Trend Analysis + Suchen Sie Ihr Suchwort? Ökonomischer Wandel; Volkswirtschaftslehre; Familieneinkommen; Unterkunft; Trade; International relations; Handel; Internationale Beziehungen; Beurlaubung; Fertigungswirtschaft; Produzierendes Gewerbe; Part-time employment; Teilzeitbeschäftigung; Produktivität; Öffentliche Ordnung; Dienstleistungsberuf; Trendanalyse
Abstract	This briefing paper presents statistical evidence from a variety of data sources that the real income of the average U.S. household has been stagnant for a decade; primary causes are also examined. The major reasons identified for income stagnation are (1) declining real wages; (2) a less productive economy (economic growth has slowed down) causing unemployment rates to rise; (3) a huge U.S. merchandise trade deficit with other nations caused by growing imports; (4) loss of higher-paying jobs as a result of the expanding trade deficit; (5) declining proportion of middle-income jobs within both the goods-producing and the service-producing sectors and rising proportion of low-paying jobs; (6) failure of the minimum wage to keep up with inflation; (7) less likelihood of laid-off workers finding comparable paying jobs, even if they are reemployed; (8) increased hiring by employers of part-time workers at low wages without fringe benefits; and (9) increased housing costs in real terms. The paper concludes with a discussion of the implications of continuing with the same economic policies that have led to economic stagnation. Thirty-six tables and their sources are included. (NLL)
Anmerkungen	Economic Policy Institute, 1730 Rhode Island Avenue, NW, Suite 812, Washington, DC 20036 ($2.00).
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2004/1/01