Another Punk Labor Day—And The Fed Owns It

Well, here’s one which reminds us that Labor Day isn’t what it used to be. During the 44 years since early 1979 the inflation-adjusted earnings of full-time male workers have gone exactly nowhere. In fact, the figure in Q1 1979 of $408 per week (1982$) was 4% higher than the $391 level posted for Q2 […]
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