America’s Dual Economy: Why the Middle Class Is Vanishing
A collection of INET research and articles on how and why the middle class has been shrinking and how this leads to a “dual economy”
How the dream of a middle class existence collapsed, first for Blacks, then for more and more white American workers and what the Biden administration could do to retrieve the situation.
U.S. GDP accounting underestimates intangible capital, overstates financial capital, and is all but oblivious to the the erosion of human and social capital. A serious growth slowdown is coming.
To understand labor productivity—and growing inequality—you have to look at the “dual economy”