It's been observed by many that disparity between the rich and the poor in the U.S. is now approaching levels not seen since the Great Depression. But how did we get here? On this edition of ST, a we offer a chat with Dean Baker, co-director of the Center for Economic and Policy Research.
If the stock market these days is surging higher and higher, and if corporations near and far are reporting record-setting profits, why is the American middle class struggling to get by with less and less pay for more and more work? And why, in the years since the Great Recession first hit, does every facet of business and industry seem to have bounced back except for the American work force?