Most Men Are Earning Less Than They Did 40 Years Ago
It’s a sad day to be a man, listen to this: Economists recently ran the numbers and found that the median salary for guys is lower today than it was almost 40 years ago. When adjusted for inflation, men earned just over $49,000 per year. These days, they’re earning about $1,500 less.
According to NPR, 40 years ago the output of the economy doubled, and the productivity of workers rose steadily. Manufacturing jobs have gone away, unions have gotten weaker and American males have the same level of education as they did in 1973. So even though things have gotten more complicated and technical in the workplace, guys haven’t improved their levels of education to keep up. Many say a lower education, equals lower pay.