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The Great Prosperity vs. The Great Regression

It summarizes reliable data I have found from many sources. The box in the lower right corner provides the key to why our economy is struggling, and why things will not get better any time soon. This is ideal for showing other people the true nature of our situation.

One caveat. It shows a slight increase in compensation since a peak in 1979. A different measure, household income, peaked in 1973 and has been flat ever since.

NYT

  • Dave Halpern

    >Pay rose with productivity.

    >And then didn’t.

    It’s almost like something was introduced in the 1980s that increased productivity without the need for additional human labor.

    Whatever could it be?

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