The Traderszone Network

Published in TZ Latest News 6 August, 2015 by The TZ Newswire Staff

Where Did The GDP "Growth" Go? Not Into Wages

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

How can the economy grow by roughly one-third in real dollars while real median household income drops like a rock?

Based on gross domestic product (GDP), the U.S. economy has grown smartly since 2000: GDP rose from 10,031 in 2000 to 17,840 in mid-2015. That’s an increase of 77.8%.

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