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  • Ten Years Later

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    Lisa Min
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    The promises made 10 years ago of decreasing the US trade deficit and creating industrial jobs have not been kept. This, along with the 2008 subprime crisis where millions lost work, contributed to declining median household income between 1999-2015, where half of American households saw their constant dollar income fall from $58,000 to $5,500.

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    The promises made 10 years ago of decreasing the US trade deficit and creating industrial jobs have not been kept. This, along with the 2008 subprime crisis where millions lost work, contributed to declining median household income between 1999-2015, where half of American households saw their constant dollar income fall from $58,000 to $5,500.

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    © All Rights Reserved
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    5 views1 page

    Ten Years Later

    Uploaded by

    Lisa Min
    The promises made 10 years ago of decreasing the US trade deficit and creating industrial jobs have not been kept. This, along with the 2008 subprime crisis where millions lost work, contributed to declining median household income between 1999-2015, where half of American households saw their constant dollar income fall from $58,000 to $5,500.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Ten years later, the promises of a decrease in the US trade deficit and, above all, a wave of

    industrial job creation have not been kept. This phenomenon, compounded by the so-called
    subprime crisis in 2008, in which millions of American workers lost their jobs, is accompanied
    throughout the 2000s by a decline in median household income. Between 1999 and 2015,
    the constant dollar income of half of American households fell from $58,000 to $5,500.

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