The BlogIncome InequalityPoliticsPoverty

The War on the Poor and Middle-Class Families (Video)

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.
Robert Reich
By 

Chancellor's Professor of Public Policy, University of California at Berkeley; author, 'Saving Capitalism: For the Many, Not the Few''

Chancellor's Professor of Public Policy, University of California at Berkeley; author, 'Saving Capitalism: For the Many, Not the Few''
This post was published on the now-closed HuffPost Contributor platform. Contributors control their own work and posted freely to our site. If you need to flag this entry as abusive, send us an email.

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.

ROBERT B. REICH's film "Inequality for All" is now available on DVD and blu-ray, and on Netflix in late February. Watch the trailer below:

|
Submit a tip

Popular in the Community

Close

What's Hot