The divergence of wages and productivity growth

[stpioc]

Finally some good news:

The median American household made $56,500 in 2015, a 5.2 percent boost over the year before after accounting for inflation, the U.S. Census Bureaureported Tuesday.


CREDIT: US Census Bureau

It is the first time that real median incomes have risen since 2007. The rich had already seen their earnings climb over the past couple of years.
But the median household saw incomes stagnate and lost ground to inflation throughout the recession and gradual recovery. Tuesday’s figures mark not just a return to growth, but the fastest one-year jump ever recorded in the median statistic.

Inflation-adjusted median household income now stands at the same level as it did before the crash, suggesting that working-class households have only now regained the buying power they lost. Median household income is still below its 1999 levels after the bounce-back.

Middle class incomes finally bounce back