Monday, July 18, 2011

Incredible Shrinking Workers’ Income

David Frum notes that workers' share national income has collapsed and continues to do so.

It started with the recession at the start of the 80s. Reagan's presidency allowed it to stagnate at the recession level. During Bush I and Clinton I things got worse. Clinton's second term saw a partial comeback. But it's been pretty much downhill since then.

(Note that the Y-axis numbers are relative. 2005 is assigned a value of 100. Everything else is made relative to that.)

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