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Income Growth

This Fact About Income Inequality Will Blow Your Mind

Posted 03.25.2013 | Business

Another day, another mind-blowing fact about the staggering difference between the haves and the have-nots. Incomes for the bottom 90 percent of Am...

State of the Union -- Why So Few New Jobs?

Harlan Green | Posted 04.17.2013 | Business
Harlan Green

The problem is how to create enough new jobs to generate more demand for goods and services. And only government is in a position to do that at present. Nothing else will generate the growth we need.

Good News For The Economy

Reuters | Posted 02.20.2013 | Business

WASHINGTON, Dec 21 (Reuters) - U.S. consumer spending rose in November by the most in three years as incomes climbed, suggesting fourth-quarter econ...

The East Asian Miracle 2.0

Otaviano Canuto | Posted 01.26.2013 | World
Otaviano Canuto

. In a recent Economic Premise - "Avoiding Middle-Income Growth Traps" - Pierre-Richard Agénor, Michael Jelenic and I suggest that the region can now provide a new round of lessons.

One Group Lost More Than Half Of What They Had During The Recession

The Huffington Post | Alexander Eichler | Posted 06.19.2012 | Business

Are you in your late thirties or early forties? Our condolences, then. The recession was probably especially horrible for you. Households aged 35 t...

Working-Class Incomes Fell After Crisis, While The Bosses Saw Pay Rise

Posted 06.08.2012 | Business

The sluggish economy has been more sluggish for some than others. The median earnings of working class people fell more than 4 percent between 200...

Spending Jump Outpaces Income Growth

AP | MARTIN CRUTSINGER | Posted 05.30.2012 | Money

WASHINGTON — U.S. consumers boosted their spending in February by the most in seven months, raising expectations for stronger growth at the star...

Turns Out Recovery Is For The Rich

The Huffington Post | Alexander Eichler | Posted 03.05.2012 | Business

Technically, the economy has been in recovery for two years. But it turns out the rich have been doing most of the recovering. In 2010 -- the first...

Full Employment: A Force Against Rising Inequality and Stagnant Incomes

Jared Bernstein | Posted 05.04.2012 | Business
Jared Bernstein

From 1947-79, when inequality was relatively unchanged, incomes just about doubled for low, medium and high earners. But between 1979 and 2010, income growth at the middle and bottom was pretty much flat. There is of course a lot more than unequal growth delineating the two periods, but there's no question that inequality was a major factor in play. Another big distinction between these two roughly 30 year periods was the tightness of the labor market. And there's an important, substantive linkage between growth and inequality: at full employment, middle and low-income workers have much more of the bargaining power they require to claim their fair share of the growth they're helping to generate.

Cities Getting Hit Hardest Since The Recession: Report

The Huffington Post | Harry Bradford | Posted 01.19.2012 | Business

Official recovery or not, it turns out that cities around the world still have a long way to go to get back to where they were before the downturn. ...

Americans Unable To Get Access To Needs As Incomes Fall

The Huffington Post | Jillian Berman | Posted 12.14.2011 | Business

Americans' ability to access basic life necessities are at recession lows. And the country likely won't catch up with pre-recession incomes for a long...

American Earnings Now Same As During Nixon Era

The New Yorker | John Cassidy | Posted 11.15.2011 | Business

The latest poverty and income figures came out this week, and boy are they disturbing. It’s not so much the headline figures, which have been well c...

Income Inequality Is At An All-Time High: STUDY

Posted 05.25.2011 | Business

Income inequality in the United States is at an all-time high, surpassing even levels seen during the Great Depression, according to a recently update...