Here we have yet another article on the decline of the middle class, by which of course the author actually means the words you can’t say in America–the working class. In other words, we had good paying jobs that allowed people to be upwardly mobile. Now we don’t. And now I’m going to write 2000 words on the mystery of why this is instead of just saying the obvious, which is that corporate greed led to massive outsourcing which undercut unions which undercut the ability of the working class to influence policy. This led to policies allowing the elite to concentrate wealth in their own bank accounts they could use to create policies even more favorable to themselves. Thus the jobless recoveries, purchasing of elections (and even more influence in policy!), shrinking economic safety net, long-term unemployment, and generational declines in economic mobility when compared to people’s parents.
I know the Washington Post doesn’t want to run a column ripping corporations and policy makers for greed, but that is actually the answer to why we have a downwardly mobile working class and shocking levels of income inequality.