The Secret Shame of Middle-Class Americans

Since 2013, the federal reserve board has conducted a survey to “monitor the financial and economic status of American consumers.” Most of the data in the latest survey, frankly, are less than earth-shattering: 49 percent of part-time workers would prefer to work more hours at their current wage; 29 percent of Americans expect to earn […]

This may be the most important chart for understanding politics today

There is nothing Donald Trump hates more than losers, but, statistically-speaking, that is what his supporters are. Now, I don’t mean to sound so harsh. I don’t think Trump’s supporters are “losers” in the same sense he uses the word—seemingly anyone who didn’t have an eight-figure inheritance to, a couple of corporate bankruptcies aside, turn into a […]

The fastest growth in wage inequality between men happened in 2015

In my new paper on trends in wages in 2015, I discuss the resurgence of the growth in inequality. The main story of 2015 wage trends is that they were very unequal—so much so that the fastest growth in wage inequality between men happened in 2015. Wage inequality can be measured in a number of […]

Wage inequality continued its 35-year rise in 2015

Over the last three-and-a-half decades, rising inequality has been a defining feature of the American economy. The way rising inequality has directly affected most Americans is through sluggish hourly wage growth in recent decades, despite an expanding and increasingly productive economy. For example, had all workers’ wages risen in line with productivity, as they did […]