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How a Biden administration could reverse the four-decade decline of America’s working class

October 13, 2020

Via: Fortune

President Trump has waffled on whether to participate in negotiations over fresh relief funding to stimulate the economy and provide desperately needed support for millions of Americans reeling from COVID-19. Coming in the wake of a weak jobs report and stalled recovery, his refusal to make a deal delivers a devastating blow to American workers and those who have lost their jobs.

This is just the latest setback in a four-decade economic decline of America’s middle and working class. While workers saw some real improvements under the Clinton and Obama administrations, few structural reforms were made to prevent these gains from being erased by the economic crashes, attacks on unions, and concentration of corporate power under subsequent Republican leadership.

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