Once more into the breach on Bill Clinton's popularity
The one period of really robust wage growth in the last 40 years was the late 1990s, when the labor market was tight and workers could effectively demand higher wages in exchange for their labor. Fiscal and monetary policies that aim to recreate that situation might finally get Americans to stop saying we’re in a recession. Yet that’s not the focus of the conversation in Washington.
That's it. That's what people remember.
Concrete material benefits. Of course, I had it pretty good under Bush II, also. I mean, I thought I did. I had dental!
NOTE  And by "yet," Barro means "therefore."