Thursday, July 05, 2007

A Rising Tide Lifts All Boats?

That's the line that you hear often enough when dealing with economics, but is it true. In the case of the United States since 1973 Eric Nilsson begs to differ. He isn't done crunching the numbers but from what he has so far it looks like we are just getting back to the early 1970s in terms of real hourly earnings.

For a narrower study here's Eric's take on the 2003 Bush tax cut.

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