Tuesday, November 11, 2014
Forget the Chatter, This is the Democrats' Real Problem
Forget the Chatter, This is the Democrats' Real Problem:
by Josh Marshall
"I want to focus on something that I don't hear much talk about and which I think is a big central issue for Democrats going forward. Democrats have toyed (and I use that term advisedly) with the issue of rising inequality for the last two elections. But let me suggest that as a political matter inequality is a loser. What is driving the politics of the country to a mammoth degree is that the vast majority of people in the country no longer have a rising standard of living. And Democrats don't have a policy prescription to make that change. Here is a chart we've probably all seen some version of. The gist is that while productivity growth has been relatively consistent through the post-war period, productivity became unchained from wages in the early 1970s. Despite a modest bump up in the 90s and another small one in the aughts it's really never come back."
'via Blog this'