Which Way, L.A.?
Wealth, Income and the Presidential Campaign
As Obama and Romney argue about taxes and spending, healthcare and immigration, they're "obscuring" what is "arguably the nation's biggest challenge." "For the first time since the Great Depression, middle-class families have been losing ground for more than a decade."
By Warren Olney • • 1 min readAs Obama and Romney argue about taxes and spending, healthcare and immigration, they're "obscuring" what is "arguably the nation's biggest challenge." "For the first time since the Great Depression, middle-class families have been losing ground for more than a decade." David Leonhardt, Washington Bureau Chief for the New York Times, calls it, "income stagnation."
Chrystia Freeland has profiled them in her book, Plutocrats: the Rise of the New Global Super Rich and the Fall of Everyone Else.
