30 September 2014

Who benefits when the U.S. economy grows?

These graphs (and their accompanying analysis) should be grounds for deep apprehension about the direction of the U.S. economy and all its imitators.


In this chart (from Pavlina Tcherneva's homepage), similar data are plotted slightly differently. The symmetry of the decline of the majority and rise of the poor is startling.



It doesn't get any better if we focus on the 1%.


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