Kelly Cook of Myrtle Beach huddles with her children while watching speech by Republican Presidential candidate Romney (REUTERS/Randall Hill).
Whatever Happened to Middle Class Income Gains?
July 2, 2015,
This year’s Economic Report of the President has an interesting analysis of the sources of the slowdown in income gains among the middle class. Given all the attention given to the issue of growing inequality, especially between those at the top and the other 90 percent you might think that was the major economic problem facing the nation. But no, it turns out that the biggest source of the slowdown is the poor performance of productivity since 1995 compared to the earlier postwar period.