The real reason you're not getting a pay raise (Vox)

[Recursion]

https://www.vox.com/the-big-idea/2018/7/31/17632348/wages-lagging-inequality-income-recovery-recession-wage-puzzle-economics

We are well-trained to recognize the fallacy in the statement “workers should be happy that average incomes grew strongly.” Most people would quickly respond: “That is misleading because you are looking at average growth, which might tell you more about how the very high earners are doing than how middle-income workers are doing.” But we seldom ask whether the reverse might be true — if the disappointments many observers have been expressing in the average wage numbers may reflect the opposite phenomenon.

Put another way: Could recent wage growth be stronger at the low end of the wage scale than in the middle or upper middle of the distribution? In fact, that’s exactly what appears to be the case, at least partially.

In the past three years, workers in the bottom two-fifths of the income distribution have seen comparable or faster real wage growth than they did in the late 1990s. Higher earners, meanwhile, have seen much slower wage growth than they did in the 1990s.

This trend is clear in the data but little understood among the broader public. In the three-year period I am focusing on, we have seen some narrowing of inequality, measured as wages at the top relative to the bottom (the 90-10 ratio), although there has been a continued widening of inequality relative to the middle (the 90-50 ratio).

And the people caught in that 90-50 ratio are making about $60K-$100K per year -- ie, the income group that supports Trump most strongly.

[Scurrilous]

2. K&R

[keithbvadu2]

3. Profits vs wages

Profits vs wages

https://www.democraticunderground.com/100210993430