This one chart explains EVERYTHI–well, no, but it’s still an important chart

You ever get tired of those “OMG THIS ONE [MAP, CHART, GRAPH, WHATEVER] EXPLAINS EVERYTHING/IS THE MOST IMPORTANT THING EVER” posts you see all over the place?

Yeah, me too. But every once in a while, they kind of have a point. Matt Yglesias says this is “The most important chart about the American economy you’ll see this year,” and we’ve still got three months to go, but I think he might be right:

Forget lopsided expansions. We’re in an “expansion” where 90% of the country is literally still getting worse off. That’s not an expansion in any meaningful sense.

Author: DWD

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