02-15-2025, 12:41 PM
After digging into it, apparently he’s been making the same argument for quite some time:
THE VANISHING AMERICAN DREAM
A FRANK LOOK AT THE ECONOMIC REALITIES FACING MIDDLE-AND LOWER-INCOME AMERICANS
BY GENE LUDWIG RELEASE DATE: SEPT. 22, 2020
…which was supposedly borne out of an “impressive assemblage of luminaries” he brought together in spring of 2019. In his view, the period including the Greatest Economy in the History of the World brought “stagnating and even declining wages and a dearth of employment opportunities as well as the rising costs of basic necessities like shelter, education, and health care [which] have left many in the nation embattled.”
So the piece he wrote for Politico (not a product of Politico) is not the usual hit piece that appears whenever the economy does well (or has done well) under a Dem president. He raises some valid issues about long-term trends, but falls back into the well-worn Akshually, unemployment is higher if you use different measures argument which has been true for, well, forever.
THE VANISHING AMERICAN DREAM
A FRANK LOOK AT THE ECONOMIC REALITIES FACING MIDDLE-AND LOWER-INCOME AMERICANS
BY GENE LUDWIG RELEASE DATE: SEPT. 22, 2020
…which was supposedly borne out of an “impressive assemblage of luminaries” he brought together in spring of 2019. In his view, the period including the Greatest Economy in the History of the World brought “stagnating and even declining wages and a dearth of employment opportunities as well as the rising costs of basic necessities like shelter, education, and health care [which] have left many in the nation embattled.”
So the piece he wrote for Politico (not a product of Politico) is not the usual hit piece that appears whenever the economy does well (or has done well) under a Dem president. He raises some valid issues about long-term trends, but falls back into the well-worn Akshually, unemployment is higher if you use different measures argument which has been true for, well, forever.