ABSTRACT
Inthelasthalfofthe1980squestionsbegantoberaisedconcerningthetrendofincomeandwagesintheU.S.economy.WhowasbenefittingfromRea-ganomics?Wastheeconomyproducingadisproportionatenumberoflowwagejobs?Wasthemiddleclass shrinking?Thisisanappropriatetimetoreexaminethese issuesbasedontheaccumulatedevidence.Ouranalysis buildsonthepriorworkoftheInstituteandtheauthors (EconomicPolicyInstitute,1986;Mishel,1986;Misheland Simon,1988;RoseandFasenfest,1988).
