What Happened in 1970? -Given your explanations for these phenomena, you will also provide a set of policy prescriptions designed to increase real hourly wages and reduce housing costs in order to improve quality of life for American workers.

Assignment Question

What Happened in 1970? Final Project Guide It’s often said that things ain’t how they used to be. Back in the day, just about anyone who could hold down a full-time job could afford a house, car, and even the occasional vacation. Now, even the highly educated struggle to make ends meet. Since 1970, real hourly wages have hardly budged while housing costs have risen dramatically. What happened? Your job is to find out. You will produce a college-level paper which provides detailed, well-researched, and thoroughly analyzed explanations of both the wage stagnation and rising housing costs observed since 1970. Given your explanations for these phenomena, you will also provide a set of policy prescriptions designed to increase real hourly wages and reduce housing costs in order to improve quality of life for American workers.

Paper Outline
I) Abstract
II) Wage Stagnation
III) Rising Housing Costs
IV) Policy Prescriptions
V) Conclusion

Requirements
➢ At least 2500 words (approximately 10 pages 12 point double spaced)
➢ Summary data for each of the two phenomena (this will be provided to you)
➢ Three explanations for each of the two phenomena with two academic sources per explanation
➢ One model and one data set per explanation
➢ Four policy prescriptions with at least one academic source per policy
➢ APA citations and references page
➢ Title page

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