Growing Economic Inequality the Root Cause of Economic Stagnation

Last Friday’s jobs numbers showed a net growth of only 18,000 new jobs nationwide — while the economy must produce 150,000 jobs each month just to absorb population growth. Clearly the economic recovery has stalled and Republicans are pointing to the slowdown as evidence that American economic policy must once again turn sharply to the right.

Trouble is, rather than being a solution to our country’s economic woes, the growing economic inequality their policies have caused was the root cause of the 2008 economic collapse and the economic stagnation that America has experienced since. That burgeoning economic inequality must end if we are to restore the American middle class — and give our children an opportunity for a prosperous future.

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