How can Democrats make their case for why the economy may not be as good as it can appear? Here are three examples of groups of Americans who are being left behind. Then there are geographic differences. Since the economic recovery took hold, many major urban centers have prospered, as jobs in “knowledge industries” have proliferated and as many young people have moved to these population clusters. That has left more rural areas — particularly in the South — behind. For example, for the first portion of the recovery, wages in New York City and in Mississippi followed a similar trajectory of little change, after adjusting for inflation. But beginning in the middle of 2016, the pattern of wage changes began to diverge — earnings rose steadily in New York City while they began an erratic — but overall — decline in Mississippi. Read more ...
At www.nytimes.com
