David F. Ruccio — “Don’t class warfare me”

Don't celebrate the recent expansion yet. The economic numbers look good — until adjusted for inflation.

The real wage is falling. Workers are becoming worse off economically in real terms even with nominal wages improving somewhat but not substantially. They falling further behind than they were before the expansion in terms of purchasing power.

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“Don’t class warfare me”
David F. Ruccio | Professor of Economics, University of Notre Dame