Barbara Garson — Down Is a Dangerous Direction — How the 40-Year "Long Recession" Led to the Great Recession

If you had to date the Great Recession, you might say it started in September 2008 when Lehman Brothers vaporized over a weekend and a massive mortgage-based Ponzi scheme began to go down. By 2008, however, the majority of American workers had already endured a 40-year decline in wages, security, and hope -- a Long Recession of their own.

The Huffington Post
Down Is a Dangerous Direction — How the 40-Year "Long Recession" Led to the Great Recession
Barbara Garson | Author, 'Down the Up Escalator: How the 99% Live in the Great Recession'
(h/t Clonal in the comments)

Also KPFA Podcast: Barbara Garson with Richard D. Wolff
(download until May 10, 2013)

David Ruccio — 3 decades of growing productivity and stagnant wages (2 graphs)

“Some people think it’s a law that when productivity goes up, everybody benefits,” says Erik Brynjolfsson, an economics professor at the Massachusetts Institute of Technology. “There is no economic law that says technological progress has to benefit everybody or even most people. It’s possible that productivity can go up and the economic pie gets bigger, but the majority of people don’t share in that gain.”

Real-World Economics Review Blog
3 decades of growing productivity and stagnant wages (2 graphs)
David Ruccio | Professor of Economics at the University of Notre Dame