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Originally Posted by Undertoad
Not me dude. (Am I everyone you argue with now?)
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I don't have any problem with the facts provided by that economist. I have a problem with what he suggests as solutions; that changing monetary policy can fix these problems.
Meanwhile, whether wages are most of or just one source of America's income, the fact remains that American wages and other income sources have remained flat while corporate productivity and profits have climbed immensely. I don't believe anyone here disputes that - at least from the perspective as I read them.
Facts from that economist were also stated in a cited article from The Economist. I am not entirely sure, but I believe Greenspan also said that. However if one listens to Greenspan, one cannot always be sure what he said.
I believe the consensus here is that common man American income has not increased in this short century.