Word: medians
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Dates: during 1980-1989
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...practical. The wife economy is as obsolete as the slave economy." At the very least, Hardwick's "wife economy" has mutated?out of the kitchen, into the office, onto the assembly line?even as the wages paid for the new-woman's work range significantly below the male median...
...changes in the concentration of employment have not meant changes in income. "The median income is lower than other parts of the city with the exception of Cambridgeport," says LaRosa adding that a lot of people are in the unskilled labor force...
This liberalization thesis is clearly ridiculous when one considers that Blacks in the United States, although better off than their counterparts in S.A., have been historically oppressed. In fact, the ration of Black median family income to white median family income in the U.S. has declined from 61 percent in 1970 to 56 percent in 1979. Most of the drop occurred in the middle of the supposedly pro-Black Carter Administration...
Real estate is no longer a nearly riskless investment. Instead of rising 10% to 15% a year, the median sales price of an existing home has fallen 1.3% from its high last year, to $67,200. Moreover, those statistics understate the amount of decline because they do not include attractive financing concessions that many sellers are now making. In California buyers with cash can sometimes get a 10% discount. A few New York City developers are offering special mortgages on cooperative apartments, like 12.5%, compared with a bank rate of 17% or more. For someone who borrows $100,000, that...
Despite the disastrous housing market, home prices are declining only modestly. After the very steep increases in the past decade, the median cost of a home sold in the U.S. dropped from $68,900 last year to $66,500 in February. In California, where house prices ballooned by 200% between 1975 and 1980, the cost went up another 5% last year and an additional 6% in January and February...