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Response to Recursion (Reply #3)

Thu Oct 15, 2015, 01:04 PM

4. cite please

I would greatly appreciate seeing your source for this. Thanks in advance. The info I showed was the % share of aggregate income. If the counter argument is we are all better off now then ever, well, this info seems to feel things HAVE stagnated since the 1970's"

"The income growth of the average American family closely matched that of economic productivity until some time in the 1970s. While it began to stagnate, productivity has continued to climb.[7] According to the 2014 Global Wage Report by the International Labor Organization, the widening disparity between wages and productivity is evidence that there has been a significant shift of GDP share going from labor to capital, and this trend is playing a significant role in growing inequality.[8]"



Also, "real wages" might have risen somewhat, but does that figure really take into account the increases in cost of living? Working families sure don't feel better of than they were in the 1970's, but I conceded the point that the top 1%, 10% and even top 25% might be actually be enriched by Republican policies over that span.



This is from the article Middle-Class Squeeze on Wikipedia.

https://en.wikipedia.org/wiki/Middle-class_squeeze

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