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Politics : The Obama - Clinton Disaster
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To: TimF who wrote (66203)2/23/2012 7:45:58 PM
From: DuckTapeSunroof2 Recommendations  Read Replies (1) of 103300
 
Re: "After 1979 gross in per person total income for the non-rich continued,as did the wealth, and the consumption of the non-rich."

(But at lower rates of increase. Certainly nothing like the post WW II means prior to the period.)

Re: "The income gains slowed (but have not flatlined),"

(See same comment from above....)

Re: "but I think even the measured slow down has something to do with distortion of inflation in the 70s."

(You should be looking only at inflation-adjusted numbers. Also: you say "per person", so be sure it's not "per family" data that you are looking at. The 'seventies and 'eighties in US are famous for the entrance of women into workforce as 'second bread-winners', without which the data would be showing a FALLING real mean middle class family wage....)

Re: "The 70s were generally a poor time economically, worse than the 80s"

(NOT 'worse than the 80s' for middle class in per-person wage growth or in job creation rates or in GNP rates. Better.)

Re: "(at least the 80s after the recession that cured the inflation problem of the 70s) and the 90s, not a good time."

Believe the 90s entered a secular bear market (with coincident rising real natural resource prices) very similar to the 70s experience....
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