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Reversing the “Upside-Down” Economy

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The current economic recovery often has been described as a “job-loss” recovery, which is meant to capture a new quality to this recovery – a shrinking labor market among a growing economy. But there is another new quality that distinguishes this recovery from prior ones. It is an “upside down” economy, meaning the distribution of typical gains during a recovery in favor of personal income is reversed in this recovery. Profits are soaring to record heights and the share of additional income that has gone to profits is at a historic high. All the while income grew at the slowest rate in any recovery.

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Print: Katie Peters (economy, education, poverty, Half in Ten Education Fund)
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Print: Anne Shoup (foreign policy and national security, energy, LGBT issues, health care, gun-violence prevention)
202.481.7146 or ashoup@americanprogress.org

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TV: Lindsay Hamilton
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Radio: Chelsea Kiene
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