Lots of end-zone dancing last week re: the economy.
The President says that all indicators are good, and that folks who aren’t feelin’ it just “don’t get it” because they’re watching FoxNews too much.
Say, what?
Let’s look at the ultimate measure: household income.
Adjusted for inflation, median household income dropped 8% during the recession … and has been flat after bottoming out a couple of years ago.
That means that the median real household income is still down 8% from the pre-recession peak.
Hard to get excited about that, right?

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The drop in median household income has come despite a steady increase in average hourly wages … they’re up about 10% since the official end of the recession.
That’s before inflation, but the Feds keep telling us that inflation is negligible, that shouldn’t matter, right?

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Let’s see, average wages are going up, but median household income is stalled at a depressed level.
What’s going on?
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