2020 Dems can't tell Bernie to lay down and die when it's his economic agenda they are hawking [View all]

[Uncle Joe]

(snip)

Yet, toward the end of his column Friedman does concede, albeit kind of nonchalantly, that today “most families are too weak to . . . pass along the American dream to their kids.”

(snip)

As a Feb. 20 report from the Economic Policy Institute documented in the years between 1979 and 2017 productivity spiked 70.3 percent, while worker pay went up just 11.1 percent.

EPI researchers make the historical point that in the 30 years after World War ll there was not this pronounced disparity between American worker productivity and their compensation. Is it just coincidental that this post-war period also saw a more broad-based prosperity with the expansion of the middle class and the growth of the American labor movement?

(snip)

The EPI “State of Working America Wages 2018” analysis also shows that as productivity grew six times the rate of worker compensation. EPI's post-Great Recession data showed “not only rising inequality in general, but also the persistence, and in some cases worsening, of wage gaps by gender and race" and that the growing divergence between productivity and compensation was “at the root of numerous American economic challenges."

(snip)


https://www.salon.com/2019/02/24/2020-dems-cant-tell-bernie-to-lay-down-and-die-when-its-his-economic-agenda-they-are-hawking/

This is a good read, it was difficult in choosing only four paragraphs.