Guest Editorial:

Most people have seen news reports, social media posts and business charts that show a line moving up in good times, pointing down when business or employment numbers are bad, or bouncing back and forth between the two when the economy is confused.

Economists, commentators and politicians can look at the charts and declare life is good and getting better, or bad and getting worse.

Those easy-to-read graphs generally track an economic statistic from a single perspective, making no distinction between people doing well and people doing poorly. Everything and everybody are lumped together.

Those...