The math, via
Jared Bernstein:
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"In the decade of the 2000s, productivity (economic output - i.e. aggregated national income - divided by hours worked) grew 28% while real median household income fell 7%. Since 1979, productivity is up 84% and real median compensation, including fringe benefits, rose 12%."
Simply put, the pie keeps getting bigger as economic productivity increases dramatically, but the slices going to the typical worker - from the middle class to the working poor - keep getting smaller relative to the size of the whole pie.
