For all the advances since the era of teased-out rocker hair, one thing hasn’t changed for America’s average working man: the amount of bacon he brings home.
So says Rana Foroohar, a CNN global economic analyst and Time magazine assistant managing editor. Appearing on CNN’s The Situation Room with Wolf Blitzer, Foroohar brought up the point during a general discussion about the country’s economic woes.
"You know, I have to jump in on this because we are living in a time when the corporate share of the overall economic pie is as high as it has been in decades," Foroohar said. "Meanwhile, the median male worker in this country has not seen a raise, inflation-adjusted, for 30 years, basically."
Foroohar’s eye-popping statistic about median male worker income is certainly interesting. And it's largely correct, we found.
The same can't be said for a claim made by former Hewlett-Packard CEO Carly Fiorina. On ABC's This Week, she said, "Seventy percent of the people living in abject poverty are women."
Turns out the statistic is often repeated, and 100 percent bogus. Read why here.
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