Moneymoney

Thu Oct 6, 2016, 06:55 PM

Working class white men have lower incomes than they did in 1996

Working class white men saw their income drop 9% between 1996 and 2014, according to a new report from Sentier Research. This group, who Sentier defines as having only a high school diploma, earned only $36,787, on average, in 2014, down from $40,362 in 1996.
Meanwhile, college educated white men saw their income soar nearly 23% over the same period, from $77,209 to $94,601.

Published by two former Census Bureau officials, the Sentier report shines yet another light on the fortunes of the white working class.
This group has become a force in the 2016 presidential election, serving as the backbone of Donald Trump's support. And the Republican candidate's campaign has tailored much of his campaign to the working class, with promises that he will bring back the manufacturing jobs that once allowed them to support their families.

The study first looked at the 1996 incomes earned by 10 groups of men in two-year cohorts ranging in age from 25 to 26 to 43 to 44. Sentier then looked at what men earned 18 years later, when the youngest cohort were 43 to 44 and the oldest were 61 to 62.

The results varied greatly by age. The youngest group of working class white men, who were 25 to 26 in 1996, saw their incomes rise by 19%, from $32,677 to $38,803, over the 18-year period. However, their college educated peers enjoyed a 133% explosion in their incomes, from $40,487 to $94,252.

http://money.cnn.com/2016/10/05/news/economy/working-class-men-income/index.html

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Arrow 8 replies Author Time Post
Reply Working class white men have lower incomes than they did in 1996 (Original post)
Attila Gorilla Oct 2016 OP
exindy Oct 2016 #1
Attila Gorilla Oct 2016 #7
liberalguy Oct 2016 #2
MrSlayer666 Oct 2016 #3
DoDaMan Oct 2016 #4
PrimeCustodian Oct 2016 #5
Attila Gorilla Oct 2016 #6
PrimeCustodian Oct 2016 #8

Response to Attila Gorilla (Original post)

Thu Oct 6, 2016, 07:19 PM

1. Nader's fault.

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Response to exindy (Reply #1)

Fri Oct 7, 2016, 12:09 PM

7. Ralph Nader is a con man who made himself rich

while his staff worked long hours for little pay.

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Response to Attila Gorilla (Original post)

Thu Oct 6, 2016, 07:50 PM

2. It's the essential goal of social justice.

Trump is the blowback.

People call trump's supporters irrational... but they can count.

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Response to Attila Gorilla (Original post)

Thu Oct 6, 2016, 08:54 PM

3. Outsource the jobs and bust the unions and this happens.

And many of these fools voted for it to happen. I know, I work with some of them.

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Response to Attila Gorilla (Original post)

Thu Oct 6, 2016, 10:25 PM

4. It's because of their privilege. Those lucky silver spoon bastards.

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Response to Attila Gorilla (Original post)

Fri Oct 7, 2016, 10:29 AM

5. Trade PACKS, anyone?

NAFTA alone had produced enough of a negative 'ripple FX'; it has seriously damaged the Automobile Related Industries in my neck-of-the-wood as well as many good paying jobs.

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Response to PrimeCustodian (Reply #5)

Fri Oct 7, 2016, 12:06 PM

6. Not gonna argue with that.

Still waiting for the new jobs libertarians said would appear once we did away with those silly manufacturing jobs.

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Response to Attila Gorilla (Reply #6)

Fri Oct 7, 2016, 12:19 PM

8. Huuuh!

I have to ask.........but what could 'libertarians' offer as JOBS?

Wouldn't that like going to see a priest when one has a toothache?

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Moneymoney