For many US workers, real wages have not risen for 40 years

For many middle class workers,  wages have been stagnant for fifty years.  Real wages have barely budged in decades. And this of course creates very pissed off people who often take their anger out on the wrong people.  And who often vote for people like Trump.   And this leads to the blockage of legislation which …

Elizabeth Warren tells the story of the sinking middle class in America

Elizabeth Warren is one of the best describers of what has happened to the middle class in America and all over the western world. She has again and again told her story of growing up in an average middle class home in the 1950’s  and then watching the bottom fall out when her father had …

The Elephant Graph

Branko Milanovic is a Serbian-American economist who specializes in the problems of inequality. According to Wikipedia, "Milanovic is currently a visiting Professor at the City University of New York Graduate Center.  He was formerly the lead economist in the World Bank's research department, visiting professor at University of Maryland and Johns Hopkins University.  Between 2003 and 2005 he was senior associate …

Tariffs mean fewer industrial jobs, not more.

Trump has promised to make life better for middle class Americans by imposing stiff tariffs on countries like China.  And in fact he has already assigned tariffs to billions of dollars worth of Chinese imports.  However, Trump is wrong.  Tariffs will not make America Great Again.  Teriffs will make America less prosperous for almost everyone. …