By Caitlin Kelly
“If you want to get somewhere else, you must run at least twice as fast as that!”
The words are from Alice in Wonderland, spoken by the Red Queen.
Sadly, they still apply to millions of American workers, (and those in struggling economies worldwide), for whom the “economic recovery” means little. Their wages are stagnant, their costs rising.
For all but the most highly educated and affluent Americans, incomes have stagnated, or worse, for more than a decade. The census report found that median household income, adjusted for inflation, was $51,017 in 2012, down about 9 percent from an inflation-adjusted peak of $56,080 in 1999, mostly as a result of the longest and most damaging recession since the Depression. Most people have had no gains since the economy hit bottom in 2009.
The government’s authoritative annual…
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