The State of Working America, 12th Edition shows that the vast majority of American workers have largely been shut out of the nation’s economic growth over the past three decades. The typical American family has added hundreds of extra hours of work each year, while also earning better education credentials, yet is still struggling to keep up—and The State of Working America, 12th Edition explains why.
Incomes for the middle
fifth of American
households—the heart of
the middle class—would
have been an average of
$19,000 higher per year
by 2007 if the share of
growth claimed by the
richest households had
not grown so much over
the past 30 years.
Likewise, wealth for the
typical American family
would have been $62,000
higher in 2010 had the
growth in wealth over
these same years not
been overwhelmingly
claimed by families at
the very top. The
research also shows that
growing income
inequality has not been
offset by increased
mobility. These trends
have not occurred by
accident: economic
policies have undercut
the ability of workers
to benefit from economic
growth. [from EPI]