Word: medians
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Dates: during 1990-1999
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There is much evidence, in fact, that the U.S. is developing something of a two-tiered society. While corporate profits and executive salaries are rising rapidly, real wages (that is, discounted for inflation) are not growing at all. Indeed, the government has reported that last year real median household income in the U.S. fell by $312, while a million more people slipped into poverty; those officially defined as poor were 15.1% of the U.S. population vs. 14.8% in 1992. Those were astonishing developments for the fourth year of a business recovery that is steadily gaining strength...
...intense drive for productivity is raising the rewards for training and education higher than ever. Between 1979 and 1989, calculates labor economist Freedman, median real income for year-round, full-time workers age 25 or more did not change significantly, but within that enormous group there were some dramatic shifts. College-educated women increased their earnings 16%, college- educated men slightly. Earnings of women with a high school education or less held about even. The big losers were men who never got past high school. Their inflation-adjusted earnings fell...
...Census Bureau released a report showing that the number of Americans living under the poverty line last year -- defined as an income of $14,763 for a family of four -- climbed to more than 39 million, or 15% of the nation's population. Worse, median income continued to decline, while the inequality between high- and low-income families increased. Labor Secretary Robert Reich openly showed concern that the U.S. was in danger of becoming a "two-tiered society." There was a smidgen of good news at week's end: new figures showed an unemployment rate of 5.9% -- the lowest...
...environment, a President has few opportunities to stimulate the economy. Creating export-related jobs, which pay 17% more than the average U.S. job, is one way to accomplish this, and the President was reminded last week of how urgently he needs to do it. The Census Bureau reported that median household income fell last year $312, or 1%, while the number of Americans living in poverty -- below $14,763 a year for a family of four -- grew 1.3 million and now accounts for 15% of the population. This news came as a surprise to those economists who counted about...
...median undergraduate GPA of Georgetown first-years this year is 3.53 and the median LSAT score is 167, he said...