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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Subjects: World, U.S., Politics, Business
Member Tags: am update
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Posted by: Posted by Fabrice Florin - Mar 18, 2012 - 6:11 AM PDT
Content Type: Article
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Edited by: Fabrice Florin - Mar 18, 2012 - 3:10 PM PDT

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Sirajul Islam
3.9
by Sirajul Islam - Mar. 19, 2012

Yes, Prof. Reich, the ex-labour Minister of the U.S is right when he wrote: 'The American pie is growing again, but most Americans aren't getting much of a slice', and 'the share going to everyone else in the form of wages and salaries is now the smallest...If the trend continues, inequality will become ever more extreme.' Good story...

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Fabrice Florin
3.9
by Fabrice Florin - Mar. 18, 2012
See Full Review » (3 answers)
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 ... More »

See Full Review » (11 answers)

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