Saturday, June 13, 2009

The Most Important Fact



The most important set of facts in the New York Times this weekend may be this startling graph (also above) from the Freakonomics blog. The fact that income growth has been less than 1% from 1973 to 2005 for the vast majority of Americans is a startling statistic given the tremendous growth of GDP over that time period. The "productivity gains" of the 1980s, 1990s and early 2000s may not have trickled down exactly as they were supposed to.

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