Economic rape in the United States
It is an understatement that it now takes two spouses working to equal the wages of a one-income family of forty years ago. Western wages have plummeted so low that a two-income family is now (on average) 15% poorer than a one-income family of 40 years ago.
The average standard of living in the U.S. has plummeted by over 57% over a span of 40 years. [This may not be so apparent when government statistics are cited, but] the methodology used by our governments to calculate inflation in 1975 was different from the method they used in 1985, which was different than the method they used in 1995, which was different than the method they used in 2005. Basically, our governments have been lying about inflation for the last 40 years as a deliberate means of hiding the over-fifty-percent collapse in our standard of living.
Meanwhile, the situation is more than reversed if you’re one of the fat-cats at the top. While average American workers have seen their wages plummet by 57% over the past 40 years, in just 15 years (1992-2007) the 400 wealthiest Americans saw their incomes rise by 700%.
Now we have the complete picture: wages grinding steadily lower year after year, decade after decade for the Little People, while wages go straight up for the fat-cats. To say this is “unfair” would rank as one of history’s greatest understatements. This is economic rape, plain and simple.
[Excerpts of an article by Jeff Nielson]