Dr Mark Perry reckons it's all been on the up-and-up since 1929. Yes, production has become more efficient over time. But can it be quite as rosy as it seems, when the last quarter-century has seen an explosion of debt?
Showing posts with label Professor Mark Perry. Show all posts
Showing posts with label Professor Mark Perry. Show all posts
Monday, September 07, 2009
Every little thing's gonna be all right
Dr Mark Perry reckons it's all been on the up-and-up since 1929. Yes, production has become more efficient over time. But can it be quite as rosy as it seems, when the last quarter-century has seen an explosion of debt?
Friday, September 04, 2009
Income mobility and income structure
A chewy piece from Professor Perry about the widely-held perception that the American middle class has essentially gotten nowhere since 1980. The research he discusses purports to show that large numbers of individuals have moved up and down between income brackets.
Elsewhere, I've read that the middle earning bracket as a whole has not advanced, and the top end has become wildly richer. But if individuals can progress up this ladder, does it matter that the gap between the rungs has stretched?
Elsewhere, I've read that the middle earning bracket as a whole has not advanced, and the top end has become wildly richer. But if individuals can progress up this ladder, does it matter that the gap between the rungs has stretched?
Subscribe to:
Posts (Atom)