growth, inequality, and fiscal policy · growth, inequality, and fiscal policy josh bivens, ph.d....

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Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute [email protected]

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Page 1: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,

Growth, Inequality, and Fiscal Policy

Josh Bivens, Ph.D.Economic Policy Institute

[email protected]

Page 2: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 3: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 4: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 5: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 6: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 7: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 8: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,

Recession has left in its wake a jobs shortfall of nearly 10 millionPayroll employment and the number of jobs needed to keep up with the growth in the potential labor force

Page 9: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 10: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 11: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,

New college grads scarcely earning moreEntry-level wages of male and female college graduates, 1973-2009

Page 12: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 13: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 14: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 15: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 16: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 17: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 18: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,

Where did the growth go?Share of pre-tax income growth, 1979-2007

Page 19: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 20: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 21: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 22: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 23: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,
Page 24: Growth, Inequality, and Fiscal Policy · Growth, Inequality, and Fiscal Policy Josh Bivens, Ph.D. Economic Policy Institute. jbivens@epi.org. ... Men, age 23-29 2000 — $16.87 Women,