China Isn't as Rich as They Say, and Making U.S. Workers Poorer Didn't Help

In a piece discussing patterns in world growth over the last three decades Eduardo Porter told NYT readers:


"What’s happened is that while income growth stalled for middle-class workers in developed countries and surged for people in the 1 percent, it also grew sharply for hundreds of millions of workers in China, India and other Asian countries. In the late 1980s, for instance, workers in the middle of China’s urban income distribution made 56 percent of the median American income, according...

 •  0 comments  •  flag
Share on Twitter
Published on March 19, 2014 02:40
No comments have been added yet.


Dean Baker's Blog

Dean Baker
Dean Baker isn't a Goodreads Author (yet), but they do have a blog, so here are some recent posts imported from their feed.
Follow Dean Baker's blog with rss.