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Matt Yglesias is an insightful writer, but his recent article, “Hillary Clinton’s favorite chart is pretty misleading” is itself very misleading. Since the Clinton campaign’s “favorite chart” is an EPI chart, which Jared Bernstein and I originally came up with twenty years ago, I think it’s important to set the record straight. The main problem is that Yglesias does not actually engage with the chart he says he’s criticizing.
Workers' pay hasn't kept up with the growing productivity of the American economy. It's a story that's circulated for years in the wonkier parts of the liberal internet, based in part on a series of charts produced by the Economic Policy Institute.