New findings show that the real earning power of men is on the decline, with most earning less today adjusting for inflation than they did when Jimmy Carter was president 34 years ago.
Women, however, are doing much better, taking home more than they did in the late 70s, although they still earn less overall than their male counterparts.
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In 1979, according to Face the Facts, a project of George Washington University, the median weekly wage for men 16 and older was $844, compared to $832 in 2011.
The youngest male workers have been hit the hardest. Those in the 16-24 age group have seen their real weekly wages plummet from $566 in 1979 to $455 in 2011, a drop of $111 a week.
Read more at Newsmax. By Lisa Barron.