Stunning graphic from the NYTimes shows how the US middle class was hollowed out over the last 30 years. The Great Prosperity, 1947-1979: productivity growth of 119% correlated to strong growth in wages and overall compensation for all workers.
The Great Regression, 1980-Present: productivity growth of 80% was accompanied by almost STATIC wages or other compensation for workers. Almost all the productivity gains went to a tiny percentage of people at the top. More women went into work and debt piled up.
[Bill Marsh/The New York Times]
Filed under Uncategorized