"Now, when you add it all up, it turns out that nobody has done worse the past 30 years than the working-class in countries like the United States, United Kingdom, and France. Their inflation-adjusted incomes actually fell over this period. It was the richest people in the richest countries and, even more so, middle-class people in emerging-market countries who did the best. China, though, really belongs in a category all its own here. It's that bump all by itself in the middle.
"This chart is really a Rosetta stone for politics today—and not just in the U.S. Almost every rich country has their own anti-trade, anti-immigrant party."
Matt O'Brien at The Washington Post presents what "May Be the Most Important Chart for Understanding Politics Today."
Saturday, February 13, 2016
"Trump, in Other Words, Has Become the Unlikely Tribune of the White-Working Class"
Labels:
1980s,
1990s,
2000s,
2010s,
China,
class,
economic history,
economics,
political history,
politics,
race and ethnicity,
twentieth century,
twenty-first century
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