Top Leaderboard, Site wide
September 18, 2014
Truthdig: Drilling Beneath the Headlines
Help us grow by sharing
and liking Truthdig:
Sign up for Truthdig's Email NewsletterLike Truthdig on FacebookFollow Truthdig on TwitterSubscribe to Truthdig's RSS Feed

Newsletter

sign up to get updates


Climate Action and Economies Can Grow Together
A Public Bank Option for Scotland




On the Run


Truthdig Bazaar
I Don’t Believe in Atheists

I Don’t Believe in Atheists

By Chris Hedges
$20.75

more items

 
A/V Booth

The War on the Poor and Middle-Class Families

Email this item Email    Print this item Print    Share this item... Share

Posted on Feb 8, 2014
Screenshot/Youtube

By Robert Reich

This post originally ran on Robert Reich’s Web page.

Most Americans are on a downward escalator. Median household pay is dropping, adjusted for inflation. A smaller share of working-age Americans are in jobs than at any time in the last three decades.

Only 113,000 jobs were added to the U.S. economy in January, on top of a paltry 75,000 in December.

We need a new WPA to rebuild the nation’s crumbling infrastructure, a higher minimum wage, strong unions, investments in education, and extended unemployment benefits for those who still can’t find a job. When 95% of the economic gains go to the top 1%, the middle class and poor don’t have the purchasing power to keep it going.

Yet too many still believe in trickle-down economics — that the wealthy are the job creators, and tax cuts for big corporations and the rich will boost the economy. The real job creators are the vast middle class and the poor — when they have enough money in their pockets. That’s the only way out of the vicious cycle we’re now in.

Advertisement

Square, Site wide
 


New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

 
Right 1, Site wide - BlogAds Premium
 
Right 2, Site wide - Blogads
 
Join the Liberal Blog Advertising Network
 
 
 
Right Skyscraper, Site Wide
 
Join the Liberal Blog Advertising Network
 

A Progressive Journal of News and Opinion   Publisher, Zuade Kaufman   Editor, Robert Scheer
© 2014 Truthdig, LLC. All rights reserved.