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Economists talk about the lost decade in Japan, a period where the macroeconomy stumbled along for years. Well, with these 2010 data, we can confirm the lost decade for the American middle class. Though the economy grew most of these years in GDP terms, and productivity growth was notably robust, the middle class fell behind.
… as the income, poverty and inequality results of the last decade reveal, we have a structural problem that needs to be addressed. Otherwise, we could lose the next decade as well.