4 ms·
Income growth isn't the biggest "wow" factor in this economy. Check out the wealth/asset/capital growth of the wealthy. Ever since the FED bailout, the wealth
by davidreiss 9y ago
Income growth isn't the biggest "wow" factor in this economy. Check out the wealth/asset/capital growth of the wealthy.
Ever since the FED bailout, the wealth of has grown by leaps and bounds.
Usually, in economic booms, the wealthy took the lion share of the wealth and threw the crumbs to the middle/lower class in the form of income growth. But not this time.
It's also reflected by the decline of unions.