80,000
75,000
70,000
65,000
60,000
55,000
50,000
45,000
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
How the social pyramid looks when earnings are compared in the US for the year 1978.
Annual, family
income indollars
A portrait of America's working people
Showing the relations among lower and moderate income earners in the 1990s reflecting 1980s experience in the economic recovery from the depression of the 1970s. In 2012, working class Americans earned less than their parents did when doing similar work in the 1980s. During the 1970s the shock of rising oil prices affected every aspect of American production. Then a recession in the 1980s led to a loss of skilled union jobs, a rise in contracting, a decline in home equity contributed to why today's workers have less net worth comparatively to their parents' net worth. William Grieder.
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80,000 |
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75,000 |
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70,000 |
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65,000 |
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60,000 |
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55,000 |
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50,000 |
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45,000 |
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40,000 |
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35,000 |
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30,000 |
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25,000 |
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20,000 |
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15,000 |
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10,000 |
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5,000 |
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0 |
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How the social pyramid looks when earnings are compared in the US for the year 1978. |
Annual, family income indollars |
Stephen Rose & Dennis Livingston
"In 1978 Dennis Livingston and Stephen Rose, created a poster that illustrated the 'social stratification in the United States' by family income level."
FOR THE STORY OF THIS particular poster that ws two years in the making see Sylvia Porter's article "Are You Middle Class?" from the june 12, 1979, Merced Star-Sun newspaper.
Citation: Stephen J. Rose & poster designed by Dennis Livingston. The American economy poster and fact book , 1st ed. New York: Pantheon Books, Published 1987.
Stephen Rose, is a labor economist, is at work on "Mythonomics: Ten Things You Think You Know About the Economy That Are Wrong."
