America is Regressing into a Developing Nation for Most People
A new book by economist Peter Temin finds that the U.S. is no longer one country, but dividing into two separate economic and political worlds
Hasnain says:
"America’s underlying racism has a continuing distorting impact. A majority of the low-wage sector is white, with blacks and Latinos making up the other part, but politicians learned to talk as if the low-wage sector is mostly black because it allowed them to appeal to racial prejudice, which is useful in maintaining support for the structure of the dual economy — and hurting everyone in the low-wage sector. Temin notes that “the desire to preserve the inferior status of blacks has motivated policies against all members of the low-wage sector.”"
Posted on 2017-04-22T17:34:53+0000