Comment by lkrubner

Wages have been mostly flat, so consumers have no extra money to engage in additional buying. Since the Great Recession of 2008, the top 1% of the income distribution have absorbed 125% of productivity gains. This is the reverse of what we saw in the 1940s and 1950s and 1960s when strong labor unions were able to win 110% of productivity for workers, so that the share of national income going to labor increased. Now the opposite is happening, with the share of national income going to labor decreasing.