From the SF Chronicle: Portion of men who work falling with wages.
Men who do have jobs are getting paid less. After accounting for inflation, median wages for men between 30 and 50 dropped 27 percent - to $33,000 a year - from 1969 to 2009, according to an analysis by Michael Greenstone, a Massachusetts Institute of Technology economics professor who was chief economist for Obama's Council of Economic Advisers.
"That takes men and puts them back at their earnings capacity of the 1950s," Greenstone says. "That has staggering implications."
Welcome to the DEFLATION, baby!
Oh, and incidentally, the "staggering implications" are only "staggering" to MIT professors with embedded "eternal inflation" assumptions twinkling in their statistical datasets.
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