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Doesnt this suggest that tax cuts to the top isn’t helping lower and middle class wages grow? Especially since these tax cuts create deficits that are then used as an excuse to slash social safety nets that disproportionately benefits the lower and middle class?It has to be done, and yes it will take decades and cooperation across both parties. There's no point of continuing on this circus where our kids are going to school to be social justice warriors with no real jobs awaiting them in the US.
Unless you believe the complete evisceration of the middle class is a good thing? And believe going back to the feudal system of the dark ages with peasants and lords is a good thing.
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State of Working America Wages 2019: A story of slow, uneven, and unequal wage growth over the last 40 years
Rising wage inequality and slow and uneven hourly wage growth for the vast majority of workers have been defining features of the U.S. labor market for the last four decades, despite steady (if too slow) productivity growth. In only 10 of the last 40 years did most workers see any consistent...www.epi.org
Seems to me like we should try progressive taxation and massive public spending again to build infrastructure and the social safety net. Stuff that seemed to work just fine for a good chunk of the past century until Reaganomics displaced it.Wage inequality. From 2000 to 2019, wage growth was strongest for the highest-wage workers, continuing the trend in rising wage inequality since 1979