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Raising Most People's Wages

Posted On: Oct 01, 2014

Oct. 1, 2014 | ECONOMY | It used to be that economic expansions improved the incomes of the bottom 90 percent more than the top 10 percent. But starting with the “Reagan” recovery of 1982 to 1990, the benefits of economic growth during expansions have gone mostly to the top 10 percent. Since the current recovery began in 2009, all economic gains have gone to the top 10 percent. The bottom 90 percent has lost ground. We’re in the first economic upturn on record in which 90 percent of Americans have become worse off. Why did the playing field start to tilt against the middle class in the Reagan recovery, and why has it tilted further ever since? Full story here.