ABSTRACT

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