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Three Graphs: Per Capita GDP Up, Worker Productivity Up, Worker Pay Stagnant in the USA

Three graphs:

Source: USDA Economic Research Service

Source: Bureau of Labor Statistics

Source: U.S. Census Bureau

The juxtaposition speaks. How do you respond?

[…]

Jeb Bush Fact Check: Is Declining Worker Productivity to Blame for America’s Economic Rut?

Jeb Bush said it July 8 in an interview with the New Hampshire Union Leader:

New Hampshire Union Leader: Anything specific?

Jeb Bush: “We’re working on a strategy to, that’s kind of under, let’s say, my aspiration for the country, and I believe we can achieve it, is 4% growth as far as the […]

New York Times: Spend Money You Don't Have

New York Times columnists lately have been channeling the George W. Bush of 2001. Michael Kinsley urges us (with tongue only a bit in cheek) to “Show your consumer confidence. One last shopping spree. Buy that coffee maker whether you want one or not.” Thomas Friedman exhorts with greater force: “Now is when we need […]