What Does ‘Economic Growth’ Mean for Americans?

A fascinating paper by Anthony Atkinson, Thomas Piketty and Emmanuel Saez in the Journal of Economic Literature, condensed and interpreted by Uwe E. Reinhardt @ the NYT Economix:

 

its a good exercise to figure out why median and mean income diverged so dramatically while per capital GDP kept growing. The answer is on Reinhardt's blog, and its depressing.

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