The Great Recession leveled a blow to the middle and working classes from which they haven’t yet recovered. Given that labor’s pay and prestige in America peaked in the 1960s, this isn’t exactly new. Still, it’s time that all our leaders took this challenge more seriously. After all, we don’t just have the rich getting richer while the poor get poorer anymore. The middle is collapsing. Between 2000 and 2011, the U.S. economy, at least as Wall Street and the federal government measure it, grew nearly twenty percent after adjusting for inflation.
Posted on: Tue, 13 May 2014 20:34:59 +0000
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