Tag Archives: median household income

The Disaster of Inflation–For the Bottom 95%

Central banks are obsessed with boosting inflation, but the “why inflation is good” arguments make no sense for households being ravaged by inflation. The basic argument is that inflation makes it easier for debtors to service their debts. But this … Continue reading

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No Wonder We’re Poorer: Wages’ Share of GDP Has Fallen for 46 Years

The majority of American households feel poorer because they are poorer. Real (i.e. adjusted for inflation) median household income has declined for decades, and income gains are concentrated in the top 5%: Even more devastating, wages’ share of GDP has … Continue reading

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Our Crazy-Making Economy’s Endgame: Festering Frustration Seeking an Outlet

The consequence of policies that exacerbate injustice, inequality and double-bind demands is a madness that will find a social and economic outlet somewhere, sometime. We all know crazy-makers: people who make contradictory claims about reality, who say one thing and … Continue reading

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If Everything’s so Great, Why Are New Orders Cratering?

New Orders are in recessionary territory. The financial news is astonishingly rosy: record trade surpluses in China, positive surprises in Europe, the best run of new jobs added to the U.S. economy since the go-go 1990s, and the gift that … Continue reading

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The New Misery Index

The Status Quo is desperate to mask the declining fortunes of those who earn income from work, and the Misery Index 2.0 strips away the phony facade of bogus unemployment and inflation numbers. The classic Misery Index is the sum of unemployment … Continue reading

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