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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (65659)2/10/2012 6:07:39 PM
From: DuckTapeSunroof2 Recommendations  Read Replies (1) | Respond to of 103300
 
Starting date for the baseline matters a lot in these generalized statements.

It is really AFTER 1979 that the growth in incomes per capita for the non-rich population tranches began to flatline.

After 1970 and up to 1980 a clear and pronounced S-L-O-W-I-N-G trend began to appear in incomes for those groups, but for the stag-flation and oil shock decade of the 'seventies incomes still continued to rise overall - albeit at slower rates of growth.

However by the early 'eighties it really froze up for those groups... (while income growth rates actually accelerated significantly for the uppermost strata).