Robert Reich, “Inequality: The Real Cause of America’s Economic Woes”

Look back over the last hundred years and you’ll see the pattern. During periods when the very rich took home a much smaller proportion of total income — as in the Great Prosperity between 1947 and 1977 — the nation as a whole grew faster and median wages surged. Germany has grown faster than the United States for the last 15 years, and the gains have been more widely spread . . . How has Germany done it? Mainly by focusing like a laser on education (German math scores continue to extend their lead over American), and by maintaining strong labor unions . . . Reviving the middle class requires that we reverse the nation’s decades-long trend toward widening inequality. Read more . . . 

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