Obama’s push to revive middle class will clash with long-term trends - The Washington Post

Obama’s push to revive middle class will clash with long-term trends - The Washington Post
"But it is not clear that the measures — or any others — could compensate for the factors behind the decline of the middle class, including the rise of nations with abundant cheap labor and the development of new technologies that allow companies to operate with far fewer workers. Nor is it clear that the bruised American economy of 2012, with a growing population of retiring workers to support, can sustain a prospering middle class."
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Fred Pilot flagged this long piece on the structural factors that have undermined the middle class, and that make it problematic for any president to try to revive what we had in this country from the end of WWII to the 1980s.