American men in their 30s today are worse off than their fathers' generation, a reversal from just a decade ago, when sons generally were better off than their fathers, a new study finds.No word yet from the National Association of Realtors on who's going to be buying all those second condos.
The study, the first in a series on economic mobility undertaken by several prominent think tanks, also says the typical American family's income has lagged far behind productivity growth since 2000, a departure from most of the post-World War II period.
Friday, May 25, 2007
Not Your Father's Pay:Why Wages Today Are Weaker
The Wall Street Journal reports:
