Here we go again. The US Government is trying to convince us how great the economy is booming. Umm. BS! (I sure am tired hearing how a rising tide raises all boats. Especially when the size of the boat affects how quickly and strongly that tide raises up the boats.)
On Friday, I wrote about the income inequality problem. Well, that discussion really has been one of the recurring themes of my blog- because the problem is so widespread. (I even have published a monograph on the subject.)
I have often reminded folks that the ability of America to remain a great nation revolves around the stability it garners from its middle class. The evidence (including that from around the world, as well as history) demonstrates that oligarchies are antithetical to liberal constitutions- and vice versa.
I’ve talked often about the abrogation of the social contract that obtained between companies, their employees, and their communities. That schism- advocated by Dr. Milton Friedman– has been accompanied by the erosion of the US middle class and the flattening of wages (except for corporate executives).