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Economics Daily Digest: Bringing back the middle class, wage growth not tax cuts, pension cuts

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By Rachel Goldfarb, originally published on Next New Deal

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Free the Middle Class (USA Today)

Senator Elizabeth Warren and Representative Elijah Cummings argue that bringing back a strong middle class requires government intervention.

For too long, government has worked for the rich and powerful. Government needs to work for America's middle class again.

America's middle class is about opportunity. People create their own opportunity: they work hard, get an education and make smart decisions. But government also plays a role. Investments in schools give people a chance to get an education. Investments in infrastructure like roads and bridges, power grids and communications networks make it more profitable to create jobs here at home. Investments in medical and scientific research provide the foundations for an innovation economy. We do it on our own AND we do it together.

Follow below the fold for more.


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