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Jon Talton

Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.

March 21, 2014 at 10:33 AM

Vote: My wages, for better or worse

earnings

The chart above shows the dilemma for Americans who derive most of their income from wages and salaries, as opposed to investments. It is more than a personal problem. The Wall Street Journal reports today on how uneven wage gains are holding back the overall economy. Seen over decades, and the collapse of wage growth is a key factor behind the hollowing out of the middle class.

Care to see where you fit in? An outlier city such as Seattle has done better than most places. But you can use the wonderful inflation calculator of the Bureau of Labor Statistics to check your real progress over time.

This Week’s Links:

A new Wall Street looting scheme: Disaster savings accounts | Naked Capitalism

Understanding why you think QE didn’t work | Barry Ritholz

Capital ownership and inequality | House of Debt

The Chinese want their own Cargill | BusinessWeek

Dying Memphis neighborhood foretells the next mortgage crisis | Bloomberg

Jaron Lanier: The Internet destroyed the middle class | Salon

How Oregon wound up with the nation’s worst Obamacare site | Wonkblog

Let’s not count out Jeff Bezos and the Washington Post | Marginal Revolution

No, a voluntary safety net won’t work | Baseline Scenario

Today’s Econ Haiku:

Will Vlad up the stakes?

Dump Treasuries and dollars?

He’d be impaled, too

Comments | More in Income/living standards | Topics: Wage growth

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