…the missing pieces of the econo-disaster puzzle.

We’ve already told you, as if you didn’t already know, that the “macro” economy, and the lifestyles of the rich and famous, grew substantially in recent decades whilst the well-being of most of the rest of us stagnated or declined.

But Tasini figures that the wage collapse directly caused today’s macro-economic crisis:

“People had no money coming in in their paychecks so they were forced to pay for their lives through credit–either plastic or drawing down equity from their homes…”We will never fix the economic crisis, whether through short-term economic stimulus and certainly not through tax cuts, until paychecks are re-inflated. Dramatically.”

Of course, doing that will likely require even more political guts and popular demand than Obama’s got now.