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The onslaught of year-end lists is upon us, and in the econoblogosphere that means, among other things, charts. Lots of charts.
The Atlantic’s Matthew O’Brien rounds up the most important economic stories of 2013 from 44 journalists, economists, and policy experts. Business Insider’s Matthew Boesler has 100-plus charts from investors and Wall Street analysts. The Counterparties team sorted through O’Brien and Boesler’s lists, as well as our own catalogue of charts, to semi-arbitrarily bring you the 8 best charts (of the best charts) of the year:
1. Wages detaching from productivity
This chart from the Economic Policy Institute (cropped from the original for space reasons) shows how wages haven’t kept up with productivity increases since the 1970s. Today, the president of the EPI tweeted that this would be the chart on his tombstone.
2. The long-term unemployment crisis
The BLS charts the rise in long-term unemployment, which has surged since the financial crisis. As a result, AEI’s Michael Strain writes that millions of workers are “suffering financially, emotionally, spiritually… Society is also suffering: A large pool of willing and able workers are idle; our already segmented society is even more segmented; our country is less dynamic, vibrant, and thriving”.