Social Sciences and the Law

What happened to weekly wages in the U.S. in the 1980s and 1990s?

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Adjusted for inflation and expressed in 1982 dollars, the typical weekly wage of a U.S. worker increased from $262 in 1960 to $298 in 1970, but increased foreign competition and slower U.S. economic growth forced weekly wages down to $274 in 1980 and $255 in 1991.

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