American incomes are stagnant and have remained this way for several years. Since 2007, women's incomes have remained flat while men have seen a slight decline in their income. Among whites, income has fallen nearly two percent. There is no significant difference in the incomes of African-Americans, Asian-Americans and Hispanic.
Various reasons for income stagnation include technological change and the diminishing power of labor unions. Additionally, since 1980 the distribution of income has grown increasingly unequal.Learn more about Economics