I bet my manager manger's wife still has to work to make high class ends meet: to send the kids to the ivies, to have an appropriate vacation. The value of their house is either declining or holding steady; their medical bills are going through the roof, etc.
So, just the fact that they all mostly still have high paying jobs isn't quite the same as saying that their standard of living has not changed.
Go up another few links on the managerial chain, and things do indeed pick up.
Joanna
----- Original Message ----- From: "Michael Pollak" <mpollak at panix.com> To: lbo-talk at lbo-talk.org Sent: Friday, September 9, 2011 5:59:23 PM Subject: [lbo-talk] Differential Recovery from the 2008 crash by class
Doug, can you post a link to the study that Adolph Reed cites in his interview with you this week, that says that for the professional managerial class, recovery was pretty much complete by 2009? Did you write this up and I'm blanking on it?
Michael ___________________________________ http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk