Inequality and Its Discontents

摘要

In the last two decades, the income and security of the individual middle class worker has declined, and the gap between the rich and the poor has widened. In contrast to the last twenty years and the “gilded age” that preceded it, from the time of the first New Deal through the 1970s, the middle class prospered. Wealth and income were more equitably shared in America. This article examines policies that strengthened the middle class during the New Deal, during World War II, and after World War II. These policies strengthened the bargaining power of labor. This article offers suggestions for reviving the middle class now with particular focus on empowering labor.