Obvious Steps For the Survival of the Middle Class

Friday, June 14, 2013
"Five years after the Great Recession began, the US economy appears to be rebounding a bit. But two recent bits of evidence suggest that the impact of the recession on ordinary workers may have been even worse than we thought—and that the impact of future recessions might be worse too."
 
 
A higher minimum wage decreases inequality and stimulates demand to get the economy moving. Don't believe it? Read on!
 
 
A  strong safety net is critical to preserving the middle class, "and with an ever-rising share of income going to capital rather than labor, that safety net would have to be paid for to an important extent via taxes on profits and/or investment income." Not by taxing the very people who have an increasingly smaller share of the economic pie. 
  

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The great American middle class wasn’t something that just happened – it was built brick by brick. It was built by soldiers returning from war and a government that repaid them by giving them a shot at college.