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IPFS News Link • Economy - Economics USA

The Sad Reality Of The 'Economic Recovery' For American Workers

• Business Insider

But now we know from the horse’s mouth, so to speak: they’re mired in a tough new reality that is in many ways getting worse.

“Deeply pessimistic” is the term used in the sobering survey, “Diminished Lives and Futures: A Portrait of America in the Great-Recession Era.” A confirmation of bits and pieces of economic data that has been trickling in over the years on this topic.

Just yesterday, for example, the Bureau of Labor Statistics reported that wages adjusted for inflation had continued their morose decline: in 2012, by 0.4% after having already declined 0.5% in 2011.