CHICAGO—US government officials announced in the summer of 2009 that the Great Recession was over, and the economy has expanded ever since, if not as fast as most people desired. But Mesirow Financial’s chief economist Diane Swonk notes that many of the problems that developed in the run-up to the recession remain, and are sapping the strength of the middle class.

“Structural factors that triggered income inequalities, including a shortfall in skills, technological innovation and increasing globalization, suggest that wages will remain suppressed for the majority of workers for some time to come,” Swonk writes in her latest update on the economy.

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