A New Economy, But No New Deal
There's no denying that the plight of poorer Americans finally began to improve in the second half of the 1990s. Unemployment among the less-educated fell, real wages of low-income workers began rising, and the overall poverty rate declined from 15.1% in 1993 to 12.7% in 1998 (the 1999 rate will be released next fall).
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