ERIC Number: ED311250
Record Type: RIE
Publication Date: 1986-Oct
Reference Count: N/A
Family Incomes in Trouble. Briefing Paper.
Economic Policy Inst., Washington, DC.
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)
Descriptors: 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
Economic Policy Institute, 1730 Rhode Island Avenue, NW, Suite 812, Washington, DC 20036 ($2.00).
Publication Type: Information Analyses; Numerical/Quantitative Data
Education Level: N/A
Authoring Institution: Economic Policy Inst., Washington, DC.