Many people are upset with the economy and don’t care what the macroeconomic measures (GNP, inflation rate, job numbers) say. They watch the meter as they fill their gas tanks and stare unbelievingly at the total at the grocery store for just a few bags. (This video from the Canadian comedy program “This Hour Has 22 Minutes” is a hilarious take on the feeling most people, including me — and, yes, not just in this country — have buying groceries these days, especially when your in-laws have requested a freaking charcuterie board.)
Everyone also knows that American workers have been incredibly productive for the past 50-some years, but since the reign of Ronald Reagan have not had anything near their fair share in that national productivity. In fact, according to our local St. Louis Federal Reserve, our share has been on a general downward trajectory for decades.
