A simple graph below shows how it becomes more and more difficult for a young population to get 60% of the current mean income between 162 and 2013. In 1962, only 9 years of work experience was needed to get 60% of the largest mean income among all ages. In 2013, it takes 14 years or 50% more time. For 70%, the difference grows, but people with 15+ tears of work experience (16+15 years of age) are rather not young. The data are taken from the Census Bureau. The relative decrease in income makes the younger population stay longer in their childhood state.
Subscribe to:
Post Comments (Atom)
Food price inflation in Russia in July 2025 is 1% higher than in July 2024
one can look at the graph of changes in food and other prices here (see figure). In 2024, the rate of growth (inflation) of food prices was...
-
These are two biggest parts of the Former Soviet Union. To characterize them from the economic point of view we borrow data from the Tot...
-
These days sanctions and retaliation is a hot topic. The first round is over and we will likely observe escalation well supported by po...
-
This paper "Gender income disparity in the USA: analysis and dynamic modelling" is also of interest Abstract We analyze and deve...
No comments:
Post a Comment