Economic Inequality is the Wrong Issue
It is the primary liberal argument that America’s primary economic problem is growing income inequality.
For three decades, in this view, the rich have grown richer while middle-class incomes have stagnated. This emphasis on economic discontents is purposeful. Any political coalition for income redistribution that does not include middle-income voters will fail. So the message has been: Suburbanites of the world, unite. You have nothing to lose but your student loans.
There remains a considerable amount of economic mobility, upward and downward, in the middle class. But nearer the bottom of the income scale, upward mobility is weak and stuck. As a result, according to the Economic Mobility Project, the U.S. economy is less fluid than the economies of Canada, France, Germany or the Scandinavian countries.
Read the full article at washingtonpost.com.
- Economic Mobility Project