The ODT’s Eileen Goodwin asked me for comment on the latest findings from the Child Poverty Monitor. Her story is here; she has comment from me and the CTU’s Bill Rosenberg. The piece accurately represents what I’d said; I’ve copied below the full comments I’d sent her.
“Because of capital investment and productivity improvements over the past several decades, workers get a slightly smaller fraction of a much larger national income. And incomes have increased across the deciles. For every dollar earned by a household at the second decile in 1982 (80% of households earn more than them), households at the second decile now earn, in real terms, about $1.20. Households at the eight decile (20% of households earn more) earned $1.30 in 2013 for every dollar earned in 1982. It is better to have a smaller fraction of higher total output than a larger fraction of lower output.”
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