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According to Smeeding, most of the income produced by the growing economy over the past few years has political gone "to higher income people and has taken the form political of capital income, interest, rents, and dividends." Also, if you rely upon what Nelson says about real job growth lagging behind economic growth, the picture doesn't really brighten up any. According to the Bureau of Labor Statistics, political gains realized in real earnings by American workers are undercut by the rising cost of living for the average American. [ more plastic... ] show almost all: 123 commentsmost: 27 commentsbest: 5 comments by oldest first (ignore threads) newest first newest first (ignore threads) oldest first highest scores first1. "The Rising Tide Lifts All Boats" by PerryStroika at Wed 31 Aug 7:47amscore of 4.5 astute I don't know how many people, aside from policy analysts and the like are aware of this, but there has been a growing disjuncture between GDP and poverty rates in recent years.
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