James Sherk is a senior policy analyst in labor economics at The Heritage Foundation’s Center for Data Analysis.
The recession and recovery have been very painful. But most workers enjoy considerably higher incomes today than in 2000.
The middle class has shrunk primarily because Americans have gotten richer. Unions don’t appear to have anything to do with that, or wages in general.
It is a powerful argument. It also withers under scrutiny.
The real value of the minimum wage has hardly changed for half a century. You wouldn’t know that from looking at charts from the Left.
America’s middle class was actually doing quite well until the recent recession.
The labor market is improving, but Americans don’t think so. One reason why is stagnant wage growth.
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