Economics

Discussions about policies to help the multiracial American working class majority as a whole typically take a detour into the completely unrelated subject of how to help individuals escape from the working class.

Helping as many individuals escape from working-class occupations as possible is the goal of both the conventional center-left and the conventional center-right.  But the proposed escape routes differ.  read more »

America is mired in a crisis of unprecedented scope and depth. The disruption of the pandemic is draining for all of us, but for many, its consequences are dire.

For the millions of people who’ve had little or no work for pay for as long as six months, life is immeasurably stressed.  Prospects for jobs seem nil.  Their savings, if they were lucky to have them, were depleted long ago.  In this “other America,” to borrow the title of Michael Harrington’s 1962 expose of poverty as our national shame, they confront intolerable burdens.   read more »

In a new report, Upward Mobility, Charles Blain, Wendell Cox and Joel Kotkin examine examine housing costs, patterns of domestic migration and how they affect upward mobility for middle and working-class citizens, especially historically disadvantage minorities. An excerpt from the report follows below:  read more »

Sometimes Donald Trump does the right thing, even if it may be for the wrong reasons. His Justice Department’s late-term assault on Google for its monopolistic tyranny over search and digital advertising is precisely what is needed.  read more »

The COVID-19 pandemic has devastated economics in the West, but the harshest impacts may yet be felt in the developing world. After decades of improvement in poorer countries, a regression threatens that could usher in, both economically and politically, a neo-feudal future, leaving billions stranded permanently in poverty. If this threat is not addressed, these conditions could threaten not just the world economy, but prospects for democracy worldwide.  read more »

Fishing may be the world’s second oldest profession, but the industry is about as visible as a quiet cousin at a family reunion. Unassuming, keeping to itself, it is largely ignored in talk about work and the economy.  All of which belies its oddly large footprint in reality TV.   read more »

Tax credits provided by the federal government to developers of low-income housing are poorly monitored and have suffered from mission creep. Instead of providing housing to households whose incomes are below the poverty line, many states are using these funds to socially engineer people into living in high-density housing projects along transit corridors.  read more »

Yes, the coronavirus hit the president and his White House hard, likely because of the irresponsible choices this president has made, but let’s not kid ourselves: The virus has devastated with alarming efficiency minorities and the impoverished, particularly in cities, while accelerating our return to a more hierarchical and far le  read more »

“No Bourgeois, No Democracy”
– Barrington Moore

Protecting and fighting for the middle class regularly dominates rhetoric on the Right and Left. Yet activists on both sides now often seek to undermine single-family home ownership, the linchpin of middle-class aspiration.  read more »

The long-rising blue tide that has colored American politics and values may have crested, but it could still have enough momentum to make it through the election year. Even if Trump is somehow reelected, the wielders of power and influence — academia, media, Wall Street, Hollywood, the big-tech oligarchs, the dominant nonprofits, and the governmental apparat — will remain deep blue for the foreseeable future.  read more »