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2020

It's clear the US economy is giving average American workers the short end of the stick

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Justin Sullivan/Getty Images

  • If you break down the data about the US economy two things become clear: the country is growing slower than decades past and less of the growth is going to average workers.
  • GDP has grown much slower in the past two decades than the decades before.
  • And what growth there is, more and more is going to the wealthy and less and less is going to workers.
  • Dan Alpert is an adjunct professor at Cornell Law School and a founding managing partner of the New York investment bank Westwood Capital LLC.
  • This is an opinion column. The thoughts expressed are those of the author.
  • Visit Business Insider's homepage for more stories.

The "booming" US economy often touted by certain politicians, and in some corners of the media, is clearly not-so great relative to history.

Economists are well aware that average year-over-year US real GDP growth in this century was a paltry 2.10% from 2000-2019, compared to an average of 3.67% during the second half of the 20th Century and 3.22% on average in the 1990s. See the rest of the story at Business Insider

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SEE ALSO: A weak part of the US economy that has been stuck in a 'recession' is about to make a comeback




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