Legal updates, new research, interesting ideas for students-- past and present-- of LER Prof. Michael H. LeRoy, University of Illinois at Urbana-Champaign. Welcome, also, to friends who are curious about employment and labor law.
Friday, September 18, 2015
Under the Radar: U.S. Household Incomes Flat Since 1996
While Americans debate Donald Trump’s daily fulminations and insults, there is distressing news about the demise of the American dream-- the dream of economic progress. The news is from a study conducted by the U.S. Census Bureau. It finds that “the median annual household income stayed all but flat, at $53,657. Adjusted for inflation, incomes are barely above their 1996 level.” For more, read here.
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