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Posted by: Michael Mandel on August 26
The latest income distribution numbers are out from the Census Bureau. There’s something there for everyone, Democrats and Republicans. Real median household income is up, real mean household income is down. Real median earnings of both male and female full-time workers rose, but Real per capita income fell.
For my part, I’m back to my regular business of being concerned with young college grads—the ones who don’t have advanced degrees. Basically, the last numbers show almost no change between 2006 and 2007 (as the chart below shows). Young college grads still have not made back their losses from the earlier part of the decade.
I’ll have more in a bit.
Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.