I would like to explain part of our economic problem with two simple graphs – income and productivity. First, it is clear that most of us have been working hard and yet we aren't getting ahead.
So in spite of working hard our income went down over the last 10 years. I'm sure that there are some folks who will stand up and say that the American worker has gotten soft. They would say that we aren't working harder. Well, they would be wrong.
Simply put, productivity has increased over the last 30 years, but wages have been flat. We're working harder and we're getting paid less. Until we fix this, we're gonna feel like we can't make ends meet.