Our country has suffered from rising income inequality and chronically slow growth in the living standards of low- and moderate-income Americans. This disappointing living-standards growth—which was in fact caused by rising income inequality—preceded the Great Recession and continues to this day. Fortunately, income inequality and middle-class living standards are now squarely on the political agenda. But despite their increasing salience, these issues are too often discussed in abstract terms. Ignored is the easy-to-understand root of rising income inequality, slow living-standards growth, and a host of other key economic challenges: the near stagnation of hourly wage growth for the vast majority of American workers over the past generation. If you like my videos, please share and subscribe to the 411 talk zone radio show on Youtube. Tune into the 411 talk zone radio show every Saturday from 12 noon to 2 pm with host Leon Jones. Guest call in number is 215-383-5785.
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