Posted: 12 Nov 2014 12:06 AM PST
Posted: 11 Nov 2014 09:15 AM PST
Busy day today, so let me ask you a question. If you had the power, what policies would you enact to raise middle/working class income?:
The Great Wage Slowdown, Looming Over Politics, by David Leonhardt: A quiz: How does the Democratic Party plan to lift stagnant middle-class incomes?
I realize that liberal-leaning economists can give a long, substantive answer to this question, touching on health care costs, education and infrastructure. But most Americans would not be able to give a clear answer — which helps explain why the party took such a drubbing last week.
The Democratic Party's short-term plan to help the middle class just isn't very clear. Some of the policies that Democrats favor, such as broader access to good education, take years to pay off. Others, like reducing medical costs or building new roads, have an indirect, unnoticed effect on middle-class incomes. ...
Dean Baker's idea is here. (For me, it is a matter of distribution. The income is there -- the typical worker has earned more than he or she receives -- but the flow is distorted upward...)
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