Hollowing Out of the Middle Class: Growth of Income and Its Distribution in the U.S., 1979–2013
Measuring the growth of incomes is more complex than most people realize. The author thoroughly examines the issue in what amounts to an important tutorial on the subject of income inequality in America. Like others, however, he finds that the incomes of the top 1 percent are soaring, while those in the middle are growing at substandard historical rates. He reiterates the view that the middle class is being hollowed out in America. The poor continue to barely survive.