In principle, there is solid moral ground for the recent drive to boost the minimum wage to $15, with California and New York State taking dramatic steps Monday toward that goal. Low-wage workers have been losing ground for decades, as stagnant incomes have been eroded by higher living costs.
Yes, wealth concentration is insane. But the ways in which wealth is shifting are surprising—and give reason for a little optimism.
In an age of oligarchy, one should try to know one’s overlords—how they made their money, and where they want to take the country. By looking at the progress of the super-rich --- in contrast with most of us --- one can see the emerging and changing dynamics of American wealth.
Lee Kwan Yew, one of the great political architects of our time, died a year ago, but the regime he established in Singapore remains entrenched in power. In fact, the parliamentary elections last year—to the surprise and consternation of Lee’s critics—enlarged his People’s Action Party (PAP) majority in Parliament from a record low of 60 percent to close to 70 percent. Despite talk of a “new normal” defined by more competitive politics, the city-state’s norms remain very much as they have been for the better part of a half century.
From 2009-11, Americans seemed to be clustering again in dense cities, to the great excitement urban boosters. The recently released 2015 Census population estimates confirm that was an anomaly. Americans have strongly returned to their decades long pattern of greater suburbanization and migration to lower-density, lower-cost metropolitan areas, largely in the South, Intermountain West and, most of all, in Texas.
America’s baby boomers, even as they increasingly enter retirement, continue to dominate our political economy in ways no previous group of elderly has done. Sadly, their impact has also proven toxic, presenting our beleaguered electorate a likely Hobbesian presidential choice between a disliked, and distrusted, political veteran and a billionaire agitator most Americans find scary.
Throughout the campaign, boomers have provided the bedrock of support for both Hillary Clinton and Donald Trump. Bernie Sanders may have devastated Clinton among millennial voters, by almost 3-1, but she has more than offset that gap by winning overwhelming support from older voters.
Trump envisioned and created today’s city of white boxes for rootless new money types, who dominate the city even as they leave little mark here.
An old joke—that in heaven, the Italians do the cooking; in hell, they run the government—feels a lot darker now that American politics are taking an Italian turn.
The increased likelihood of Donald Trump as the GOP presidential nominee, as evidenced by his win in Florida and other states last week, spells the end of the Republican Party as we have known it. Successful political parties unite interests under a broadly shared policy agenda. The Clinton Democrats may seem ethically challenged, condescending and bordering on dictatorial, but they share basic positions on many core issues and a unifying belief in federal power as the favored instrument for change.
Journalists in older cities like New York, Boston or San Francisco may see the role of rail transit as critical to a functioning modern city. In reality, rail transit has been a financial and policy failure outside of a handful of cities.
The first knock on Walmart was that it gutted the mom-and-pop businesses of small-town America. So what happens to those towns when Walmart decides to leave?
What is the future of American retail? The keys might be found not only in the highly contested affluent urban areas but also in the countryside, which is often looked down upon and ignored in discussion of retail trends.
California may be the country’s most important and influential state for technology, culture and lifestyle, but has become something of a cipher in terms of providing national political leaders. Not one California politician entered the 2016 presidential race in either party and, looking over the landscape, it’s difficult to see even a potential contender emerging over the coming decade.
Until now, the presidential campaign largely has been dominated by issues of class, driving the improbable rise of both Donald Trump and Bernie Sanders. But as we head toward Super Tuesday – which will focus largely on Southern states – racial issues may assume greater importance.
In the coming decades, the United States is going to look a lot greyer. By 2050, the number of Americans over 65 will almost double to 81.7 million, with their share of the overall population rising to 21 percent from roughly 15 percent now, according to Census projections. More than 10,000 baby boomers are turning 65 every day.
Virtually every part of America will become more senior-dominated, but some more than others.
Neither Trump nor Sanders started the nation’s current class war—the biggest fight over class since the New Deal—but both candidates, as different as they are, have benefited.
Class is back. Arguably, for the first time since the New Deal, class is the dominant political issue. Virtually every candidate has tried appealing to class concerns, particularly those in the stressed middle and lower income groups. But the clear beneficiaries have been Trump on the right and Sanders on the left.
The religious right, once a major power in American politics, is entering an uncomfortable dotage. Although numerous and well-organized enough to push Ted Cruz over the top in Iowa, the social conservative base, two-thirds of them born-again Christians, was of little use in New Hampshire, one of the most secular states in the Union. In the Granite State, Cruz did best among evangelicals but still slightly trailed Donald Trump among this one-quarter of New Hampshire Republicans.
The rising cost of housing is one of the greatest burdens on the American middle class. So why hasn’t it become a key issue in the presidential primaries?
There’s little argument that inequality, and the depressed prospects for the middle class, will be a dominant issue this year’s election. Yet the most powerful force shaping this reality—the rising cost of housing—has barely emerged as political issue.