Economic pie grows, but workers' slice shrinks

First, the good news. The economic pie is growing again. Growth in the fourth quarter last year hit 3 percent on an annualized rate. February's 227,000 net new jobs marks the third month in a row of job gains well in excess of 200,000.

Here's the bad news. The share of growth going to American workers is at a record low.

Although the nation is producing more goods and services than it did before the slump began in 2007, we're doing it ... Full Story »

Posted by Fabrice Florin - via Real Clear Politics

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Randy Morrow
4.0
by Randy Morrow - Mar. 19, 2012

While productivity gains are indubitably good, the real challenge ahead is to distribute those gains more widely. One possibility: higher taxes on the rich, that go into wage subsidies for lower-income workers, combined with job sharing.

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