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Rex Nutting: America’s biggest economic problem: Nobody is investing for tomorrow

The U.S. economy, by some measures, has recovered from the Great Recession: The unemployment rate is only half what it was at the worst, real gross domestic product is about 10% larger than the previous peak, and personal wealth has risen by more than $20 trillion as the stock market and the housing market have bounced back.

But everyone knows the recovery has been uneven.

Total employment may have grown by 6 million since the recession began in 2008, but employment in manufacturing is down nearly 1.5 million. Real disposable incomes may be up by 16%, but because most of the increase has been captured by the richest sliver of society, the median family’s annual inflation-adjusted income is still down more than $3,000.

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