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Hogwash. That's the old progressive zero sum argument which is just a phony as progressives. The rich are getting richer because the fed is printing new money at an unprecedented rate. The middle and lower classes aren't even in the equation. Look it up.
Plus the part-time jobs are out pacing full-time jobs, so the average median income is not keeping up.
The top income earners are not working part-time jobs, so as more of the lower income earners are only able to get part-time jobs the divide between incomes will continue to widen.
But wait, there's more: The jobs that were created skewed heavily toward lower quality. Full-time jobs declined by 150,000, while part-time positions increased by 77,000.
Your first link(NPR) does not show a fall in wages for the poor/middle class, only a larger bump for the higher income in comparison to the lower 2 classes
Your second link from Stanford is huge(60 pages),do you mind giving me a page number that proves your point ???
The lower classes increase in pay is offset by inflation, which has a much lower impact on the upper classes.
Not just jobs. Good jobs: One of the fears in the recovery has been that while the economy is creating more jobs, it isn’t necessarily creating the right kind. But that’s been less true in recent months. In November, job growth was spread across industries, with construction, manufacturing, finance and other generally well-paying sectors posting strong gains. Meanwhile, fewer people are getting stuck in part-time jobs. The number of people working part time because they can’t find full-time work is at its lowest level since the recession (although it remains high by historical standards).
It looks like we will see stronger economic growth next year as well. I remember back in 2009, economists were saying that it could take as long as 5 years to see a stronger recovery take root. It seemed like so far off back then, but alas, here we are!
It looks like we will see stronger economic growth next year as well. I remember back in 2009, economists were saying that it could take as long as 5 years to see a stronger recovery take root. It seemed like so far off back then, but alas, here we are!
We're these the same economists that didn't see the housing crash?
It looks like we will see stronger economic growth next year as well. I remember back in 2009, economists were saying that it could take as long as 5 years to see a stronger recovery take root. It seemed like so far off back then, but alas, here we are!
Globally it is taking even longer than five years.
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