"If you dig a bit deeper than the base growth statistics, though, the picture clarifies considerably. Our economy has grown so starkly unequal that the statistician's view now says surprisingly little about the average American's experience. Last quarter may have seen 4.8% growth, but hidden in those numbers was a depressing factoid: Wages had only grown 0.7% — slower than housing, health or gasoline costs."
In the Los Angeles Times, Ezra Klein points out what positive portrayals of the economy leave out.
No comments:
Post a Comment