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September 3, 2010

Robt Reich: How to Cure our Labor Day Blues

By Josh Mitteldorf

Middle class workers are working for a lower wage than 30 years ago. Their income has been shifted upward, to the super-rich. This is not just bad for the middle class, it's bad for the economy, because the super-rich are much less likely to spend their income, or even to invest it within the US. The middle class has been borrowing, not just to pay bills but to keep the American economy afloat. Now we need new measures.

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Middle class workers are working for a lower wage than 30 years ago. Their income has been shifted upward, to the super-rich. This is not just bad for the middle class, it's bad for the economy, because the super-rich are much less likely to spend their income, or even to invest it within the US. The middle class has been borrowing, not just to pay bills but to keep the American economy afloat. Now we need new measures.

Authors Bio:



Josh Mitteldorf, de-platformed senior editor at OpEdNews, blogs on aging at http://JoshMitteldorf.ScienceBlog.com. Read how to stay young at http://AgingAdvice.org.

Educated to be an astrophysicist, he has branched out from there to mathematical modeling in a variety of areas, including evolutionary ecology and economics. He has taught mathematics, statistics, and physics at several universities. He is an avid amateur pianist, and father of two adopted Chinese girls, now grown. He travels to Beijing each year to work with a lab studying the biology of aging. His book on the subject is "Cracking the Aging Code", http://tinyurl.com/y7yovp87.



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