Yep, The Economy Really Is Starting to Deliver Higher Earnings

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Paul Krugman posted an interesting chart today, which I’ve simplified on the right to show only household income. It comes from Sentier Research, which tracks income in a more timely manner than the Census Bureau (though they use Census data). I noted the other day that if you looked at total worker compensation (including things like health insurance), then we’d finally seen a fairly healthy upward trend in 2015. But according to Sentier, even if you look only at ordinary cash income, we’ve pretty much recovered from the Great Recession. Household income has grown at the rate of 3-4 percent annually for the past two years. It took a long time to get there, but the recovery really does seem to finally be showing up in higher earnings.

This helps explain the sharp upward tick in Gallup’s poll about personal satisfaction that I wrote about yesterday: it’s because the economy really did start performing better for a lot of people in 2015. Now it’s time to try to persuade everyone that the country really isn’t going to hell in a handbasket even if Fox News and MSNBC spend every primetime evening telling us otherwise.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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