There's an Easy Way for Washington to Fend Off a Recession and Help Thousands of Americans
It was just a decade ago that the Great Recession — the worst economic disaster since the Great Depression — upended life for hundreds of millions of Americans. More than 8 million people across the country lost their jobs. Millions more lost their homes and life savings.
The economy has made steady improvements since 2008, but recovery has disproportionately favored wealthier Americans.
Even today, wages for low- and middle-income earners remain stagnant. Our manufacturing sector — traditionally a source of good middle-class jobs and an indicator of economic health — is facing serious problems.
The gap between the absurdly wealthy and those barely getting by continues to widen. And the trend among growing app-based businesses of undermining labor laws and misclassifying workers is only exacerbating this divide.
Now, with the stock market showing signs of volatility, and experts warning that another worldwide economic downturn could be on the horizon, working families have a right to be worried.