Wednesday, July 13, 2011

Economic Recovery Manque [Translation: Missing]

In both economics and politics, the key questions are: "who benefits?" and "who pays?"

For two years now, statistics show the nations' Gross Domestic Product is growing, but people who work for a living don't see the benefit. So what's happening - is the GDP disappearing into a black hole?

Economist Jared Bernstein has tracked it down. Here is where it went.

Very interesting graphic:

http://jaredbernsteinblog.com/wp-content/uploads/2011/07/sum_etal.png

No comments: