G.D.P. measures a country’s total output. In the U.S., it has risen 79 percent since 1980, after adjusting for inflation and population growth. Over the same 40 years, the after-tax income of the bottom half of earners has risen only 20 percent … The after-tax income of earners near the middle has also badly trailed G.D.P.,Continue reading “America Will Struggle After Coronavirus. These Charts Show Why.”