You want to see some #@**?
Take a look at the chart below and let's talk about it after the jump...
1. This chart shows the percent change year over year of wages for hourly and non-supervisory employees. Although there's some other things that can go into this, this is basically a chart that shows relative merit increases for these workers. I'm assuming that workers giving themselves a raise by jumping companies is factored into this, but I'm also assuming that people losing their jobs and going to work elsewhere for less money is also reflected in these numbers.
2. Year over year increases in earnings were at an all time low in 2012. Welcome to the new world order, sparky.
3. There's a huge increase from 1965 to 1975. What are the reasons? A spike in the Military complex related to the Vietnam war? Unions having more power than they do today? Hippies smoking dope and making peace, not war by handing out more coin? Wait - those people weren't employed at that time. Your thoughts on the reasons are welcome in the comments.
4. I'd buy a Regan shirt right now if you put it in front of me with a catchy, anti-left slogan, but this certainly doesn't help his legacy in my mind.
5. This is one of the scariest charts I've ever seen.
I'm completely freaked out. The lines way up at the top to the left? No China messing with the US, a war going on and my parents driving a big #$@ maroon LTD that I backed into a car as a kid.
Unrelated? I'm not sure.
It's a more complicated world these days. Show this graph to anyone who tells you every generation faces the same thing.
I think not.