Economic News

ECONOMIC NEWS….This is a couple of weeks old, but I’m just getting around to it now. If you want to know why the economy feels kind of lousy even though the nation’s journalists keep telling us everything is peachy, EPI explains it all here.

The short answer is that although the headline numbers of growth and productivity are healthy, this growth isn’t benefiting actual workers: hourly wages are down, household income is down, debt is at historic highs, the personal savings rate is now negative, job creation is sluggish, poverty is up, and the number of people without health insurance is rising.

So how come those numbers so seldom end up in the headlines?

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