The post-Great Recession economic “recovery” was largely reserved for participants in financial markets, not the majority working longer hours and multiple jobs, writes Nomi Prins. Inequality Worsens Around the Planet By Nomi Prins TomDispatch.com As we head into 2019, a major question…Read more →
From 1948 to 1973, hourly compensation grew instep with the productivity of the typical American worker. This means that, for about a generation’s time, economic prosperity amongst workers in the United States virtually reflected productivity. In the ensuing forty years, however, inequality exploded. The Washington Post has reported that income for the bottom 90 percent of American households has only nominally grown since 1973, when this group commanded nearly 70 percent of national income.
