Wednesday, April 23, 2014

Quotation And Chart Of The Day: The Rising Tide Isn't Lifting Everyone Edition

The quotation is from this New York Times article:
The American middle class, long the most affluent in the world, has lost that distinction.
While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades.
After-tax middle-class incomes in Canada — substantially behind in 2000 —now appear to be higher than in the United States. The poor in much of Europe earn more than poor Americans.
The chart can be found here.

Unlike middle class income, chart will get larger. Just click.

1 comment:

M Larson said...

Both sides say that they are concerned about the middle class, but the GOP theory of trickle down economics starts in the wrong focus: the top. You build a strong building by starting at the foundation.