Environmental quality, resources threatened by failing economy by Dr. William L. Pierce DURING 1981 the real spendable earnings of the average American wage earner fell another 3.3 percent, the Bureau of Labor Statistics in Washington announced on January 22. Of all the economic statistics monitored by the government — consumer price index, average hourly wages, etc. — the real spendable earnings figure is the one which is tied most directly to the average standard of living. It is the amount of real money (i.e., money adjusted for inflation) a wage earner has left to spend after taxes. (ILLUSTRATION: A satellite image of the “Great Pacific Garbage Patch” that has expanded to twice the size of the continental United States. . . .
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