A new Pew Research Center analysis calculates the proportion of lower income, middle income and upper income households in 1971 and 2021. The headline of the analysis is the shrinking of the American middle class over the last half century.…
The evidence keeps growing that economic growth is increasingly going to capital not labor. And that unless that changes most Americans are facing a declining standard of living. David Brooks is right when he writes in a column: "For example,…
The Atlantic increasingly is one of the places I go to learn what is happening in the economy. Worth checking out. They just published an insightful article on "The End of Middle Class Growth". The article explores "disruptions in long-established…
Theme: The places with the greatest concentration of talent win Among all the disappointing actions taken by Michigan policy makers the past two years––particularly in December––the most disturbing is explicitly positioning Michigan to compete with Indiana. As we and many others…
Insightful article from Chrystia Freeland in the Atlantic entitled the Rise of the New Global Elite. As Freeland writes a major reason for the rise of the new super rich is globalization and technology. These two mega forces are what…