Middle-class blues:

[T]he now-finished boom was, for most Americans, nothing of the sort. In 2000, at the end of the previous economic expansion, the median American family made about $61,000...In 2007, in what looks to have been the final year of the most recent expansion, the median family, amazingly, seems to have made less — about $60,500.

This has never happened before, at least not for as long as the government has been keeping records..."We have had expansions before where the bottom end didn't do well," said Lawrence F. Katz, a Harvard economist who studies the job market. "But we’ve never had an expansion in which the middle of income distribution had no wage growth."

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[Fec]

Welcome to the Age of Neoliberalism.