2000 through 2003 the median household income fell by $1,500 (in 2003
dollars) – a significant 3.4 percent decrease. That information becomes
startling when you consider that during the same period there was a
strong 12 percent increase in productivity among U.S. workers.
Economists will tell you that productivity increases go hand-in-hand
with increases in the standard of living. But not this time. Here we
have a 3.4 percent loss in real income juxtaposed with a big jump in
productivity. [John Robb's Weblog]