A look at U.S. income growth

From Jordan Weissmann:

Hat tip from @JustinWolfers.

By the way, Robert Gordon has a new paper pessimistic about future economic growth,  using this tagline at the end of the abstract:  “A provocative “exercise in subtraction” suggests that future growth in consumption per capita for the bottom 99 percent of the income distribution could fall below 0.5 percent per year for an extended period of decades.”  Mark P. Mills is more optimistic.