Pay for play research paper - coral-star.ru

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Even for the bottom fifth of households, wage-related income accounts for the majority of total income. Indeed, wage-related income has been a growing share of total bottom-fifth income over time, as the safety net shifts toward wage-related income supports (such as the earned income tax credit) while non-wage-related supports (such as Temporary Assistance for Needy Families) decline. Introduction and executive summary, our country has suffered from rising income inequality and chronically slow growth in the living standards of low- and moderate-income Americans. This disappointing living-standards growthwhich was in fact caused by rising income inequalityeven preceded the Great Recession. Learn On-Line! Find out more about what were launching online, and our free ECG simulator. Learn In Class! Public, in-class courses forECG, acls, pals, sepsaand IN TiME. Skillstat 2U! Want a private or custom course? Hourly wages of the vast majority of American workers have either stagnated or declined since 1979, with the exception of a period of strong across-the-board wage growth in the late 1990s. Median hourly wages rose just 0.2 percent annually between 19, compared with an annual decline of 0.2 percent for the 10th percentile worker (i.e., the worker who earns more than only 10 percent of workers) and an annual gain of 1 percent for the 95th percentile worker. The failure of wages to grow for the vast majority is the leading reason why progress in reducing poverty has stalled over the last three-and-a-half decades. Wage-driven inequality has severed the link between poverty reduction and overall economic growth. Fortunately, income inequality and middle-class living standards are now squarely on the political agenda. But despite their increasing salience, these issues are too often discussed in abstract terms. This paperand the Raising Americas Pay project that it launchesexposes the easy-to-understand root of rising income inequality, slow living-standards growth, and a host of other key economic challenges: the near stagnation of.