"The one emotion that trumps anger among voters is fear. The best
Republican strategy would be to work on fear."
"Out on a limb: why blue-collar Americans see their future as precarious" by Edward Luce in FT.com.
The paradox derives from the fact that median incomes have been flat or declining, over a period when average incomes have grown robustly in line with equally impressive productivity growth. Since 1998, America's economy has expanded by more than 25 per cent. But the median wage - the middle fifth of Americans in employment - has declined by 3.8 per cent. In fact, barring a few years in the late 1990s when a rising stock market lifted all boats, wage stagnation stretches back to 1973.
No comments:
Post a Comment