Workin’ Harder For Less Money
We all know American income levels are slipping of late (as prices rise) but there’s another statistic to consider as we mull how much harder it’s become to rub two nickels together.
According to December 2013 data from the The Conference Board, the average manufacturing work week stood at approximately 42 hours – which is the longest it’s been in more than sixty years.
“Americans have much longer workweeks to look forward to and not to mention, flat or declining wages to go along with it: after all in the New Normal, corporations – especially those who directly and indirectly control the Fed – have all the leverage,” the website Zero Hedge notes.
Of course it could be worse … you could be one of the record 92 million working age Americans who are not in the labor force.