INCOME, WAR, AND ELECTIONS

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Description: (For comparability, all numbers are adjusted for the general decline in average hours worked as well as for general consumer price inflation, with 2007 as the year of comparison.) In the opposite figure, the bottom line represents inflation-adjusted hourly earnings of non-supervisory manufacturing workers. Much of that astounding bill will come due down the road as the hidden costs of war, such as long-term disability payments for permanently injured servicemen and women, add up in staggering numbers.
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