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…