Jul 25, 2013 ... ... people's wages and salaries was severed – the income of the top 1 percent nearly quadrupled from 1979 to 2007, while the typical family's barely budged." The problem, as James Pethokoukis pointed out, is the latter statement is not true. Admittedly, "barely budged" is a pretty vague term, but according ...
Jul 25, 2013 ... Productivity/Wages and Top 1% Income: Obama: “The link between higher productivity and people's wages and salaries was severed – the income of the top 1% nearly quadrupled from 1979 to 2007, while the typical family's barely budged.” EPI: “The economy's failure to ensure that typical workers benefit ...
Jan 22, 2014 ... In a 2013 speech in Galesburg, Ill., Obama said, "The income of the top 1 percent nearly quadrupled from 1979 to 2007, but the typical family's incomes barely budged." Numbers from the nonpartisan Congressional Budget Office supported that statement, so we rated his claim True. • In 2011, Obama ...
Jul 25, 2013 ... For the past three decades, however, “the engine began to stall... the bargain began to fray.” The result was growing inequality and a disappearing middle class: “So the income of the top 1 percent nearly quadrupled from 1979 to 2007, but the typical family's incomes barely budged.” The Missing Enemy.
Nov 9, 2014 ... ... America enjoyed a boom in the middle class, “over time, that engine began to stall.” “The link between higher productivity and people's wages and salaries was broken. … So the income of the top 1 percent nearly quadrupled from 1979 to 2007, but the typical family's incomes barely budged,” Obama said ...
The income of the top 1 percent nearly quadrupled from 1979 to 2007, but the typical family’s incomes barely budged.