Steady full-time middle-income jobs began the decline into the poverty line (especially by not keeping up with inflation) about the time Reagan took office, but the 2008 financial crisis caused some major dips too. Wage growth since 1980 has primarily favoured the upper 10% of wage earners. Since 2021 average real (adjusted against inflation) hourly earnings have declined another 0.7% in the USA.
Kenny Chaffin
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David
in reply to diana 🏳️⚧️🦋 • • •About 1980, with the election of Ronald Reagan to the Presidency. The change wasn't over-night, but that's when it started.
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Greg A. Woods
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andydillon
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