Ask almost any Democratic politician the most important economic facts about income distribution in America, and you are almost certain to hear the following three points: (1) incomes have fallen substantially over the past ten years; (2) labor’s share of income has fallen significantly behind the pace of new productivity and innovation; and (3) income distribution has worsened dramatically over the past generation and over the past decade in particular, with people at the top getting a bigger fraction of total personal income.

Related Posts:

• When the Rich Get Poorer, Look Out Below — Mark Skousen, Human Events
• Thomas Sowell: Medical Care Confusion
• Democratic Senator Jim Webb on ‘Diversity’ and Affirmative Action – America still owes a debt to its black citizens, but government programs to help all ‘people of color’ are unfair. They should end.
• GDP sees biggest drop in 27 years
• Paychecks from private business at smallest share of personal income in U.S. history — USA Today

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