Robert Shapiro Finds a Slowdown in Income Growth in 2017-2018
In a new policy paper, Dr. Robert Shapiro examines income progress over the 2017-2018 period and compares income growth to earlier periods. He provides a detailed comparison of income progress overall and by age, gender, race, ethnicity, and education, education. The study reveals that while income growth has been positive during the Trump presidency, growth rates have generally declined from the growth recorded in the last two years of the Obama administration. The study also examines the principal factors driving the declining rate of income growth.