![]() (Black and Latinx workers’ wages have risen but still lag far behind Whites’.) Since 1971, the percentage of middle-class households has fallen by 10%-half of those households joined the upper class and half the lower. ![]() ![]() Low-wage White workers have seen their pay stagnate or decrease for decades. “You just don’t want anyone else getting any!” A heartwarming moment ofįewer than half of Americans born in 1980 will earn as much as their parents, compared to 79% of those born in 1950 and 92% of those born in 1940. “You’re allįucking welfare cases!” a protestor yelled at Trump rally goers in Albuquerque. Meritocracy in which, by definition, there are winners and losers. Rationalize their wealth, glossing over the intrinsic inequality of a Though many affluent liberals haveĬompassion for poor folks, others lean into the myth of the meritocracy to Successful technocrats sometimes sneer at Intelligence breakthroughs will only elevate the level of disruption. Piecework in the gig economy and Amazon fulfillment centers. Of the good life is more slow-paced and parochial, global economic andĬommunication networks are a threat to their livelihoods, their way of life,Īnd their communities, which have been ravaged by foreclosures, offshoring, andĭisruptive enterprises that have reduced many workers to precarious, underpaid Globalization are myriad, and the downsides invisible. That the Democratic Party base is a “coalition of cosmopolitan elite andĮducated, affluent people who travel the world, live in ethnically diverseĬities, and are in constant global communication. Summers, admits that he never visited Rust Belt cities devastated by NAFTA.ĭisplaced White workers “weren’t heavily on our radar screen,” he said, noting White working-class anger has been simmering for decades, due to globalization, wage stagnation, and the myth of meritocracy.īill Clinton’s Treasury Secretary, Lawrence
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