The Obamaphile columnist Jonathan Alter has written that “the collapse of the American middle class and the huge transfer of wealth to the already wealthy is the biggest domestic story of our time.” He’s right about the middle-class part, anyway: thanks to the most undemocratic economic recovery in American history, there are now more unemployed workers than at any time since the Great Depression. Further, the average household’s income has declined even more in the so-called recovery than it did during the recession.
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