Thursday, July 19, 2012

Some important data

Paul Krugman (see here) has a chart (see below, click to enlarge) that places the issue of compensation growth in historical perspective.


This is a serious issue and a disturbing long-term trend.  Note the graph is for "compensation" - not just wages.  There is a lot of talk during this election season about the "middle class" and the extent to which it should or shouldn't be an issue.  It doesn't matter what you think "should" be an issue - it is one.  If that fact doesn't fit your economic ideology - get over it!

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