ABSTRACT

Wagetrendshavebeentheprimarydeterminantofthe slowgrowthinincomeandthegreaterinequalityof incomewehaveexperiencedinrecentyears.Thisshould notbesurprisingsincewagesandsalariescomprise roughlythree-fourthsoftotalfamilyincomeandaneven higherpercentageoftheincomesofthebroadmiddleclass.