Workers haven’t gained as much leverage as a superficial examination might suggest. Advances thus far, such as they are, still leave miles to travel before the American working class recovers all the economic standing it has lost since the 1970s.
In this new book, Zambian-born economist Dambisa Moyo is concerned with the relationship between democracy and economic growth. Reviewer Donohoe considers whether the author sees any intrinsic value in democracy.
To most Americans, the best marker of a healthy economy will always be a decent-paying, full-time job. An economy only deserves celebrating when people with full-time jobs have rising paychecks. In America today, they don’t.
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The GOP is steering the US in the opposite direction of proven paths to growth: well-educated workers and infrastructure investments. Low tax rates have never been the spur to growth. The spur to growth has been a well-trained and well-educated workforce, coupled with the infrastructure needed to support growth.
Chicago area municipalities that witnessed sharp declines in white population between 2000 and 2010 have continued to lose population, lose jobs or lose both since 2010, particularly majority-black and majority-Latino suburbs
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