Gregg Easterbrook on the American Standard of Living
EconTalk
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The Economic Trends of the Last 15 Years
Economy looks pretty good and when you look at the data it looks pretty good. Unemployment is very low, we're now in about our 12th year of what would have been considered full employment in the 1960s and 70s with unemployment below 5%. But rate of growth in middle class income is in a long term period of stall. It's stalled at the highest level that it's ever been.
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