[lbo-talk] One optimist's view of the economy

Doug Henwood dhenwood at panix.com
Sat Oct 15 09:47:42 PDT 2005


Mark S wrote:


>I've seen two different economists assert that poor people are
>basically superfluous to the present real growth of the U.S. economy.

It's not just poor people - income in the middle three quintiles is virtually stagnant too. It's mostly the top 10%, not unlike the 1980s. I know it's hard to generalize when n=2, but there seems to be a pattern in Republican economies.

Doug



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