The Great Decoupling of Income Growth for Middle-Class Households
Some people argue that the disconnect between economic growth and the growth of median or other measures of middle-class household income can be explained away by measurement errors. But Lane Kenworthy says no matter how you measure it, "Decoupling is real and sizable":
See here too.
Posted by Mark Thoma on Monday, March 12, 2012 at 12:17 AM in Economics, Income Distribution |
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