Saturday, August 27, 2011

"Recovery" needs wider participation

Jared Bernstein (see here) reminds us that the recovery (as weak as it is) is still very narrow (see graph below, click to enlarge).


Bernstein says:

As you can see, corporate profits have not only recovered their post-recession highs, they’ve surpassed it.  And compensation as a share of the economy is far lower.  You can also compare how different these patterns look compared to last recession in 2001, when the income shifts were not nearly so sharp.

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