A Quote by Robert Reich
Most Americans are on a downward escalator. Median wage in the United States, adjusted for inflation, keeps on dropping.
Related Quotes
Median wages of production workers, who comprise 80 percent of the workforce, haven't risen in 30 years, adjusted for inflation.
Congress has not raised the minimum wage since 1997. The minimum wage is now at its lowest level in 50 years adjusted for inflation.
Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nominal wage cuts by workers.
It was the biggest inflation and the most sustained inflation that the United States had ever had.
An environmental revolution is taking shape in the United States. This revolution has touched communities of color from New York to California and from Florida to Alaska - anywhere where African Americans, Latinos, Asians, Pacific Islanders, and Native Americans live and comprise a majority of the population. Collectively, these Americans represent the fastest growing segment of the population in the United States. They are also the groups most at risk from environmental problems.
Americans of all ages are earning less than they did two decades ago when adjusted for inflation. Yet they’re paying more in taxes.
A certain number of Americans are already in Peking and most of us here feel that it would be very useful for the United States and especially for the Left-wing progressive movement in the United States if groups of students such as you mention could make a tour of China.
But now that foreign steel, and foreign cars, are moving into the United States in increased quantities at relatively low prices, the United States can no longer keep its business system fluid by inflation.
What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation.
The congressional role in declaring war is especially important not when the United States is the victim of an attack, but when the United States is planning to wage war abroad.
So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal Reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself?
We will not play with inflation. We are living a delicate moment. President Obama spoke to me today about the high unemployment affecting the United States. In this crisis period, when the developed nations are not recovering, it's prudent to maintain the established inflation target.
The United States has become addicted to violence, and this dependency is fueled increasingly by its willingness to wage war at home and abroad. War in this instance is not merely the outgrowth of polices designed to protect the security and well-being of the United States.
If I am elected president, every militant on the face of the planet will know, if you go and join ISIS, if you wage jihad on the United States of America, if you attempt to murder innocent Americans you are signing your death warrant.
It appalls me that the people who decide what Americans will be watching on the tube have never been to the United States. Not the real United States.
Since 1978 for the bottom half of the wealth distribution male median wages have actually gone down. And I think that's a crucial reason. If you are a male worker, your median wage since 1979 has gone down.
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