“The most important chart about the American economy you'll see this year”

[kpete]

Pavlina Tcherneva's chart showing the distribution of income gains during periods of economic expansion is burning up the economics internet over the past 24 hours and for good reason. The trend it depicts is shocking:
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http://www.vox.com/xpress/2014/9/25/6843509/income-distribution-recoveries-pavlina-tcherneva
http://www.dailykos.com/story/2014/09/26/1332513/--The-most-important-chart-about-the-American-economy-you-ll-see-this-year

[packman]

1. Hey, I posted this already

look in "Greatest Treads"- But didn't give the source, thanks for that.

http://www.democraticunderground.com/10025583595

[IDemo]

2. Wow, what happened between '79 and '82?

Oh, that's right...

[former9thward]

3. There was a severe recession in 1979 which led to his election.

I believe that we have never really came out of that recession as it encouraged high paid industry and jobs to leave.