The rebound in workers' income share after the early 2000s recession simply never materialized. As a result, this figure is now at by far its lowest level since the Bureau of Labor Statistics began keeping track of it in 1947.There isn't much to add, is there? This is probably why Obama Admin people think that there's a recovery while regular joes think that America's going into a depression. For them, it has.
Wednesday, June 15, 2011
The American Worker's Depression
Here's a chart from Talking Points Memo. It shows the American worker's share of national income.