The American Economy Is Rarely Good for Workers

If the economy is doing so well, why do so many Americans still think it’s doing badly? Ramesh Ponnuru suggests we look at polling data, which tells us that people have viewed the economy positively for only a few short periods over the past few decades:

It is perhaps not surprising that they are, even in a good economy, unsatisfied with an economic system that is delivering satisfactory results so rarely.

Quite so. And there’s an easy way to see this. Here is growth in wages among blue-collar workers:¹

The bare minimum wage growth that we could call “strong” is a growth rate of 1 percent. As you can see, we’ve hit that mark only three times in the past 30 years. We’ve hit 2 percent only once, and that was more than 20 years ago.

So, yes, the American economy produces satisfactory results for ordinary workers very rarely. The only thing missing from Ponnuru’s analysis is an acknowledgment that this is no accident.

¹That is, “production and nonsupervisory” workers.

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Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

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Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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