Rich Lowry
The good news is that wages still make up a majority of the nation’s income. Barely.
USA Today reports that in 2010, “Wages accounted for the lowest share of income – 51.0 percent – since the government began keeping track in 1929.” In February of this year, “Wages slipped to another historic low of 50.5 percent of personal income.”
As the proportion of our income derived from wages has declined, the proportion derived…