chapter
INTRODUCTION: The Living Standards Debate
Pages 22

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