This month, In These Times collected 10 statistics that present a sobering vantage on American wealth since the Great Recession, revealing a nation defined by worsening inequality, stagnating wages and uneven economic development rather than universal prosperity.
18.82% – Increase in gross domestic product (GDP) between 2007 and 2018
43.16% – Increase in corporate profits after taxes from 2007 to 2018, adjusted for inflation
65.97% – Increase in ratio of CEO-to-worker compensation from 2007 to 2017, adjusted for inflation
29.2% – Increase in productivity from 2007 to 2017
2.93% – Decline in how much of GDP workers took home between 2007 and 2017
13.3% – Hourly pay increase from 2007 to 2017
$28 – Bonus from the 2017 Tax Cut and Jobs Act for each American worker, according to recent analysis by the CRS
53% – Taxpayers who will pay more in taxes by 2027, due to the 2017 Tax Cuts and Jobs Act
3.1% – Decrease in civilian labor participation between 2007 and 2018
43% – College graduates who reported being underemployed in their first job, as of 2018
76% – Counties in the United States that had fewer small businesses in 2016 than they did in 2007
via 10 Stats That Disprove Trump’s Claim We’re Enjoying the “Best Economy & Jobs EVER” – In These Times
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