Read the story here. Advertise at Before It's News here.
Profile image
Story Views
Last hour:
Last 24 hours:

Wage Apocalypse for the American Man: He Now Earns Less in 2014 than in 1973

% of readers think this story is Fact. Add your two cents.


Males lost 3 out of 4 jobs in the Great Recession

Good construction jobs were smashed as the housing crisis unfolded

Low wage jobs dominate the market

full-time working males are earning less than they did in 1973 


The middle class destruction train is moving full steam ahead if we are to examine Census figures closely. And the American male has a first-class ticket on this express train to wage destruction. According to the recently released Census figures full-time working males are earning less than they did in 1973 adjusting for inflation.

Purchasing power matters greatly even though there is this ongoing narrative that we are experiencing very little inflation. Has anyone taken a look at housing costs, healthcare costs, or even college tuition? The problem at the core of this salary stagnation is that productivity gains are simply not trickling down to the typical worker.

The Great Recession largely smashed male employment. Males lost 3 out of 4 jobs in the Great Recession. The financial crisis impacted everyone, male and female, but there is some interesting data to be examined from the figures for full-time working males.

Recession impact on males

One of the caveats I will begin with is that the typical (median) American household earns about $52,000 per year. This is important to note because we have a massive number of Americans working in part-time jobs and also, low-wage fields.

What we will examine below is for full-time male workers (meaning fully employed year round). Take a look at this chart first:

The typical full-time working male is earning less than he did in 1973.  In 1973 a man with a full-time job was earning $53,294 measured in 2014 dollars.  The latest Census data finds that a full-time working man today is making $50,383.  Keep in mind this is for those that actually have a job.  We have more than 94 million Americans that are “not in the labor force” a record by any measure.

The pay gap for women is still large but the median female worker saw their pay increase by more than 30% between 1973 and 2014 from $39,621 to $30,182.  This is largely driven by the gains made in educational attainment.  Of course the challenge today for both men and women is finding a good college education that won’t put you into massive student debt.

What is going on here?  One major contributing factor is that productivity gains are simply not being passed on to workers:

While output per hour of work is up nearly 2.5 times wages are simply not keeping track.  Part of the issue is that there is a growing income inequality in the nation.  This is simply a fact.  We have a larger financier class in the economy that depends on economic rents.

Take for example large investment banks.  They use their financial power to buy politicians to bend the rules to their favor.  This allowed many of them to garner lucrative bailout deals that ultimately made real world impacts.  For example, many large banks used nearly free money (in terms of interest rates) to borrow and bought up a large number of single family homes.

Many of these homes were bought at discount from families in the midst of foreclosure.  Now, these homes are increasing in value on short supply and rents are being hiked up while incomes are stagnant.  No real true economic gains are had here really – just shuffling money from the productive class to the rentier class.  Those too big to fail banks?  They are now much larger.

The housing crisis really impacted men as well.  Good construction jobs were smashed as the housing crisis unfolded.  We have a demand for affordable homes but builders realize that the whims of the banking system can shift very quickly and younger Americans are not in a position to buy.  Just look at construction jobs in the US:

We are down 1.3 million construction jobs since the peak construction boom.  Instead of better paying jobs growing, we are seeing more low-wage labor dominating the marketplace.  The economy is sending males back into the past of 1973 when it comes to wages.


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Humic & Fulvic Liquid Trace Mineral Complex

HerbAnomic’s Humic and Fulvic Liquid Trace Mineral Complex is a revolutionary New Humic and Fulvic Acid Complex designed to support your body at the cellular level. Our product has been thoroughly tested by an ISO/IEC Certified Lab for toxins and Heavy metals as well as for trace mineral content. We KNOW we have NO lead, arsenic, mercury, aluminum etc. in our Formula. This Humic & Fulvic Liquid Trace Mineral complex has high trace levels of naturally occurring Humic and Fulvic Acids as well as high trace levels of Zinc, Iron, Magnesium, Molybdenum, Potassium and more. There is a wide range of up to 70 trace minerals which occur naturally in our Complex at varying levels. We Choose to list the 8 substances which occur in higher trace levels on our supplement panel. We don’t claim a high number of minerals as other Humic and Fulvic Supplements do and leave you to guess which elements you’ll be getting. Order Your Humic Fulvic for Your Family by Clicking on this Link , or the Banner Below.

Our Formula is an exceptional value compared to other Humic Fulvic Minerals because...


It Always Tests at 9.5+ pH

Preservative and Chemical Free

Allergen Free

Comes From a Pure, Unpolluted, Organic Source

Is an Excellent Source for Trace Minerals

Is From Whole, Prehisoric Plant Based Origin Material With Ionic Minerals and Constituents

Highly Conductive/Full of Extra Electrons

Is a Full Spectrum Complex

Our Humic and Fulvic Liquid Trace Mineral Complex has Minerals, Amino Acids, Poly Electrolytes, Phytochemicals, Polyphenols, Bioflavonoids and Trace Vitamins included with the Humic and Fulvic Acid. Our Source material is high in these constituents, where other manufacturers use inferior materials.

Try Our Humic and Fulvic Liquid Trace Mineral Complex today. Order Yours Today by Following This Link.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.