chapter
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INTRODUCTION: The Living Standards Debate

Ontheotherhand,thefinancialconditionofthetypicalworkercontinued thelong-termdeteriorationthatbeganinthelate1970s.Therealwagesofthe majorityofworkershavefallenoverthecurrentbusinesscycle,astheydidin thelastone(1979-89).Asaresult,incomeinequalitybetweentherichestAmericansandtherestofthepopulationisstillontherise.