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The week ahead in economics: Understanding inequality, Ben Bernanke speaks and inflation

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In his Dec. 4 speech on inequality, President Obama set the tone for politics in 2014. One claim he made, in particular, is of central importance in understanding what’s happening to American workers. “Since 1979, when I graduated from high school,” Obama said, “our productivity is up by more than 90 percent, but the income of the typical family has increased by less than 8 percent. Since 1979...

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