We’re more than two thirds of the way through 2018, and we still haven’t had a financial catastrophe yet. If you think that will last, you’re more confident than many experts. Do NOT click through, to maintain that optimism!
The United States of America—known everywhere as The Greatest Country in the World—ranks near the bottom of developed nations on measures of income inequality and government support for working people. Fortunately there is a solution that everyone knows will work.
The labor share of our nation’s income—that is, the portion of all the income paid to workers, rather than, say, investors—is scraping all-time lows. Do you feel like the American dream is a little hollow these days? Yes, exactly.
In America, business is doing well. Investors are doing well. And workers, for decades, have gained almost nothing. There is a very simple solution: share the profits.
While most people spent Thursday afternoon scrambling to wrap their heads around former FBI director James Comey’s incendiary testimony to the Senate Intelligence Committee, congressional Republicans were busy voting to gut one of the country’s most important financial laws—potentially dooming us all to another…