Where Have America’s Wages Gone?

Richard Eskow

A new briefing paper from the Economic Policy Institute provides an overview of the income stagnation currently plaguing the vast majority of Americans.  ”A Decade of Flat Wages,” by Lawrence Mishel and Heidi Shierholz, offers valuable background on one of the under-reported stories of our time: the slow disappearance of the middle class and the loss of social mobility.

The critical question is why?  Why has the economy failed so many people, and what can be done about it?