A U.S. Census Bureau report shows that the typical man with a full-time job earned less in 2014 than his counterpart did in 1973.
A man with a full-time job in the statistical middle of the middle earned $50,383 in 2014, according to an article from the Brookings Institution. In 1973, the typical male earned $53,294, measured in 2014 dollars to adjust for inflation.
“This one fact, tucked in Table A-4 of the Census Bureau’s annual report on income, is both a symptom of an economy that isn’t delivering for many ordinary Americans and at least one reason for the dissatisfaction, anger, and distrust that voters are displaying in the 2016 presidential campaign,” says David Wessel, director, The Hutchins Center on Fiscal and Monetary Policy.
Women’s inflation-adjusted earnings have increased, from $30,182 to $39,621, although the pay gap with men remains.
Wessel cites the increase in wage inequality, the gap between the earnings of the best-paid workers and the ones at the middle and the bottom, as a major cause of stagnating pay.