Inflation is up but wages are not. And the economic recovery is benefiting the affluent more than the working class.
It is an economic recovery for the upper tier of the two-tier American economy. Low and middle-class Americans are finding themselves struggling at the bottom of the economic ladder. Their wages are falling and failing to keep up with inflation while costs of consumer goods continue to climb.
Click one of the “Listen” links to hear the truth behind the economic recovery gap: inflation, wages, who is benefiting, and who is not.
Guests:
Jon Hilsenrath, economics reporter, The Wall Street Journal
Harrry Holzer, professor of public policy, Georgetown University, and former chief economist, U.S. Department of Labor under Clinton (1999)
Tim Kane, senior economist, Heritage Foundation
Richard Curtin, director of consumer surveys, University of Michigan.
