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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.

To speak with our experts on this topic, please contact:

Print: Allison Preiss (economy, education, poverty)
202.478.6331 or apreiss@americanprogress.org

Print: Tom Caiazza (foreign policy, health care, energy and environment, LGBT issues, gun-violence prevention)
202.481.7141 or tcaiazza@americanprogress.org

Print: Chelsea Kiene (women's issues, Legal Progress, Half in Ten Education Fund)
202.478.5328 or ckiene@americanprogress.org

Spanish-language and ethnic media: Tanya Arditi
202.741.6258 or tarditi@americanprogress.org

TV: Rachel Rosen
202.483.2675 or rrosen@americanprogress.org

Radio: Chelsea Kiene
202.478.5328 or ckiene@americanprogress.org