Must-Read: Brendan Duke: New Data Illustrate the Failure of the Trickle-Down Experiment

Must-Read: Brendan Duke: New Data Illustrate the Failure of the Trickle-Down Experiment: “New statistics confirm what middle-class Americans have known for years…

…The economic recovery barely applies to them…. Emmanuel Saez has updated his frequently cited income data…. As of 2014, the top 1 percent of Americans have seen 58 percent of the gains in the economic recovery, while the average real income of the bottom 90 percent has grown just 1.6 percent since the recovery began in 2009…. It has not always been this way. From the end of World War II to around 1980, a growing economy went hand in hand with growing middle-class market incomes…