THOUGHTS ON EARNINGS AND THE ECONOMY: “Would you rather be in the middle 20 percent of the income distribution today or in the top 20 percent 50 years ago?”
Related thoughts here, from Megan McArdle.
UPDATE: First link was bad before. Fixed now — sorry. But here’s a related post from Greg Mankiw.
ANOTHER UPDATE: Some Labor Day economic news, plus a comparison with Europe.
MORE: Today’s problem: “The masses have amassed too much.”
MORE STILL: And, apparently, the masses mass too much, too: “An obesity pandemic threatens to overwhelm health systems around the globe with illnesses such as diabetes and heart disease, experts at an international conference warned Sunday.”
STILL MORE: Exposing “corporate greed at the expense of workers” — in a shocking place. “Is it fair to judge this particular company for the fact that its workers only receive a little more than one-third of the total output of the company? It is — when they condemn the rest of them for paying out only about half.”