Thursday, October 13, 2016
How Can The Democrats Revive The Middle Class?
This article describes the decline of middle class income and offers two approaches that the Democratic Party might use to reverse the decline. The first approach presented by Brookings is fairly traditional and it is likely to be resisted by Republicans. The second suggestion would be more difficult for Republicans to oppose. It describes several ways in which competition has been reduced in the US economy. It argues that the lack of competition has made the economy less dynamic and it has benefited the owners and managers of large corporations while depressing wages and mobility.