David Lindsay: David Leonhardt is my new go to guy for American politics. Here is a perfect example.
By David Leonhardt
Feb. 5, 2019, 174 c
“My fellow Americans, the state of our union is far weaker than it should be.
The economy’s growth isn’t benefiting most families very much. Life expectancy has been falling. The planet is warming. The rest of the world is less enamored of America than it has been in the past.
But I can offer you one major piece of good news: Our country’s urgent and growing problems have inspired more Americans to vote and to otherwise get involved in politics. And that sort of engagement is the best hope for restoring our country to its rightful strength.
Here, then, is the true state of the union, in charts:
The last few years — including 2018 — have brought some good economic news. Paychecks for most workers are rising faster than inflation. But the gains are still modest, and they don’t come close to erasing years in which pay gains trailed economic growth: (GDP has risen more than average wages. You must go to the NYT for the full chart.)