There is now broad recognition that globalization and automation are the driving forces behind the squeeze on the middle class.
Economy
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Notes on inequality — the middle
Even within the middle class, there has been widening inequality.
Notes on inequality — poverty update
Poverty remains high in the United States, even as the economy has partially recovered.
Notes on inequality — the 1%, the 0.1% and the 0.01%
Increasing concentration of income among top earners may reflect changing corporate structures.
Economic Development Conference Report approved.
The conference report the economic development bill has been filed. It includes a number of mostly small dollar measures to stimulate business and innovation and to connect people with jobs. It does include a sales tax holiday, but does not include the bottle bill.
Jobs Bill Update
The Senate passed its version of the jobs bill last night, with some interesting features.