Falling wages threaten US economy

Ninety-one percent of people in the US labour force have a job. That may be the extent of the good news for these Americans, whose incomes tell a darker story. Take-home pay, adjusted for prices, fell 0.3% in August, the third decrease in five months, and personal income dropped for the first time in two years, the commerce department reported last week. The declines followed news from the census bureau that median household income in 2010 fell to $49,445, the lowest in more than a decade, and the poverty rate jumped to 15.1%, a 17-year high.

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