--- title: "Meaning & Key Takeaway of: Wages for the ninety-nine percent have…" description: "\"Wages for the ninety-nine percent have gone down, steadily, since 2008. They've gone down especially for the bottom twenty-five percent of the populati..." image: "https://sms4smile.com/quotes/i/60c/michael-hudson-2134_blue_wages-for-the-ninety-nine-percent-have-g_2211349.jpg" --- # Wages for the ninety-nine percent have gone down… ![“Wages for the ninety-nine percent have gone down, steadily, since 2008. They've gone down especially for the bottom twenty-five percent of the population. This means that they've gone down especially for Blacks and Hispanics and other blue-collar workers. Their net worth has actually turned…” quote by Michael Hudson](https://sms4smile.com/quotes/i/60c/michael-hudson-2134_blue_wages-for-the-ninety-nine-percent-have-g_2211349.jpg) [Download](https://sms4smile.com/quotes/i/60c/michael-hudson-2134_blue_wages-for-the-ninety-nine-percent-have-g_2211349.jpg) [Open image](https://sms4smile.com/quotes/i/60c/michael-hudson-2134_blue_wages-for-the-ninety-nine-percent-have-g_2211349.jpg) > “Wages for the ninety-nine percent have gone down, steadily, since 2008. They've gone down especially for the bottom twenty-five percent of the population. This means that they've gone down especially for Blacks and Hispanics and other blue-collar workers. Their net worth has actually turned negative, and they don't have enough money to get by.” [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Wage stagnation and decline have hit low‑income and minority workers hardest, eroding net worth and financial security. **In simple terms:** Wages fell for low‑income and minority groups. Key Takeaway Address wage inequality urgently. Themes economics inequality labor policy race Mood analytical urgent Type academic policy When to use this quote - policy reform - union organizing - financial education - community investment - advocacy Key Concepts wage stagnation wealth gap structural racism labor market social mobility Questions to Reflect On - How can policy better protect low‑income workers? - What actions can individuals take to improve financial stability? A Different Perspective Solutions require political will and systemic change. ★ ★ ★ ★ ★ No ratings yet [Blue](https://sms4smile.com/quotes/about/blue/) [Blue collar](https://sms4smile.com/quotes/about/blue-collar/) [Blue collar workers](https://sms4smile.com/quotes/about/blue-collar-workers-21766/) [Bottom](https://sms4smile.com/quotes/about/bottom/) [Collars](https://sms4smile.com/quotes/about/collars/) [Enough](https://sms4smile.com/quotes/about/enough/) [Especially Blacks](https://sms4smile.com/quotes/about/especially-blacks-2224531/) [Five](https://sms4smile.com/quotes/about/five/) [Gone](https://sms4smile.com/quotes/about/gone/) [Hispanics Blue](https://sms4smile.com/quotes/about/hispanics-blue-4897556/) [Mean](https://sms4smile.com/quotes/about/mean/) [Negative](https://sms4smile.com/quotes/about/negative/) [Net worth](https://sms4smile.com/quotes/about/net-worth/) [Nine](https://sms4smile.com/quotes/about/nine/) [Ninety](https://sms4smile.com/quotes/about/ninety/) [Ninety nine](https://sms4smile.com/quotes/about/ninety-nine/) [Percent](https://sms4smile.com/quotes/about/percent/) [Percent Gone](https://sms4smile.com/quotes/about/percent-gone-1342605/) [Population](https://sms4smile.com/quotes/about/population/) [Twenties](https://sms4smile.com/quotes/about/twenties/) [Twenty five](https://sms4smile.com/quotes/about/twenty-five/) [Wages](https://sms4smile.com/quotes/about/wages/) [Wages Ninety](https://sms4smile.com/quotes/about/wages-ninety-4897555/) [Workers](https://sms4smile.com/quotes/about/workers/) ## Related quotes > [The result of this anti-classical revolution you had just before World War I was that today, almost all the economic growth in the last…](https://sms4smile.com/quotes/michael-hudson/the-result-of-this-anti-classical-revolution-you-had-just-before/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Especially for blacks, but also for many Hispanics, Native Americans, and Asian-Americans, group identity is now shaped more by a liberal politics in which…](https://sms4smile.com/quotes/shelby-steele/especially-for-blacks-but-also-for-many-hispanics-native-americans/) [Shelby Steele](https://sms4smile.com/quotes/author/shelby-steele/) > [The entire North Polar ice cap is disappearing before our very eyes. 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