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Posts tagged: inflation

In Dyer County, Tennesse, the median income is $38,909 a year. Thirty-five thousand dollars can be both middle class, and underwater.

Photographer: Scott Olson/Getty Images

In Dyer County, Tennesse, the median income is $38,909 a year. Thirty-five thousand dollars can be both middle class, and underwater.

Is $35,000 a Year Middle Class?

A big part of the middle class feels poor and disaffected in a way that folks at a comparable income level did not 15 or 20 years ago. The trillion-dollar question is: What's changed?

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Inside the factory of a Foxconn subsidiary in Zhegzhou, Henan Province

Photograph by Wang Zhongju/Color China Photo/AP Images

Inside the factory of a Foxconn subsidiary in Zhegzhou, Henan Province

If U.S. Wages Rose as Fast as China’s, Factories Would Now Pay $50 an Hour

In less than a decade, factory wages in China have probably more than tripled. To imagine the effects of that, think of how different the U.S. would be if average $15.61 ffactory wage of 10 years ago now rose to...

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