The competing, bleaker, view—described most forcefully by - TopicsExpress

The competing, bleaker, view—described most forcefully by Massachusetts Senator Elizabeth Warren—is that the good numbers don’t accurately reflect the reality lived by America’s workers. Middle-class families “are working harder than ever, but they can’t get ahead,” Warren argued in an early January speech. “Opportunity is slipping away. Many feel like the game is rigged against them—and they are right.” The tide may be rising, but it’s failing to lift most of the boats. A new report from the Economic Policy Institute demonstrates as much. In the vast majority of US states, the top 1 percent of earners captured at least half of the income gains during the first three years of the economic recovery. In seventeen states, the 1 percent raked in all of the income growth.

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