Despite the rise in household indebtedness, cheap and easy debt has meant that the cost of sustaining these debts has not exploded.
Who pays the federal government’s bills? Not corporations.
American real hourly wages haven’t moved for decades.
What can we glean from long-term changes in the poverty rate?
America’s workforce was most heavily unionized in the early 1950s. Since then, unions have experienced a long-term decline.