Between 1947 and 1973 the average hourly wage for nonsupervisory workers in private industries other than agriculture (restated in 2013 dollars) nearly doubled, from $12.27 to $21.23—an average growth rate of 2.1 percent per annum. But by 2013 the average hourly wage was only $20.13—a 5 percent fall from the 1973 level.according to Harward economist Benjamin Friedman. Money sure is accumulating at the top. The only thing to do about it is to place our votes to the left.
Stalin for president!
