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For the typical American, the past decade has been economically brutal: the first time since the 1930s, inflation-adjusted incomes declined. By 2010, real median household income had fallen to $49,445, compared with $53,164 in 2000.

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  1. For the typical American, the past decade has been economically brutal: the first time since the 1930s, inflation-adjusted incomes declined. • By 2010, real median household income had fallen to $49,445, compared with $53,164 in 2000. • While there are many culprits, from declining unionization to the changing mix of needed skills, globalization has had the greatest impact.

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