FEDERAL RESERVE CASE STUDY

Federal Reserve Case Study

Federal Reserve Case Study

There is a growing inequality of income and earnings in the United States and a continuing trend for employers to reduce their responsibilities for pension and health-care benefits for workers. In 2007, Federal Reserve Chairman Ben Bernanke noted that there was a significant and growing differential in wages and household income in America. He pointed out that those in the 90th earnings percentile had received increases of 34% in inflation-adjusted wages during the 1979-2006 period while those at the 50th percentile had increases of 11.5% and those at the 10th percentile had ...