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Stop blaming the financial crisis for populism. (Opinion piece)

1906 Rio Grande

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Aug 19, 2006
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Excerpt from a really good opinion piece.

But you can go back even further than the turn of the century. One startling example: the 80 percent of American workers with production and nonsupervisory roles brought home an average weekly wage of $723.67 in 2016, according to the Economic Policy Institute. That’s about 2 percent less than they did in 1972, when the inflation-adjusted average was $738.67. In forty-four years our economy delivered working Americans a 2 percent pay cut. Surely it is evident that something serious is wrong: something that we can’t just ascribe to the “failed policies” of one side or the other in our political game? Isn’t it obvious that American capitalism itself has gone haywire?
http://www.foxnews.com/opinion/2018...populism-elitist-rot-set-in-years-before.html
 
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