In recent weeks, the New York Times and the Wall Street Journal have run a series of articles about issues of class and inequality in America.
These two media pillars have comprehensively taken on the root myth of the American way, reporting facts that are so stark and clear that they can no longer be ignored. The gap between rich and poor is widening dramatically; There’s been a startling lack of upward mobility over the last three decades; And Americans face no better odds today that they will climb the ladder to a higher economic rung where their parents stood than they did 35 years ago.
As Sylvia Allegretto wrote in the Economic Policy Institute’s “The State of Working America 2004/2005,” which she co-authored: “The costs of basic necessities like health care, housing, and college keep rising, and many working families’ incomes are not keeping pace.”
Moreover, as the New York Times recently editorialized, education in this country is “heavily dependent on wealth and class”; and the richer people become, the greater their odds that they will live longer as beneficiaries of the best health care money can buy. All in all, a bleak picture, but one that the media is only slowly starting to grapple with.
As Paul Krugman noted, commenting on his paper’s series in his column, “Since 1980 in particular, US government policies have consistently favored the wealthy at the expense of working families–and under the current administration, that favoritism has become extreme and relentless.” Conservative economic policies are fueling this phenomenon of an increasingly stratified America. Republicans refuse to raise the minimum wage, which has remained stuck at a paltry $5.15 an hour since 1997. Bankruptcy “reform” savages the working class. Meanwhile, Bush’s tax cuts handed a tax reduction of more than $4,500 to the top fifth of income-earners while those in the lowest quintile received an average of only $98 annually off their tax bills.
Another fine series of stories–in the Los Angeles Times–pointed out that policies like deregulating industries, coupled with a right-wing assault on social programs have eroded Americans’ safety net and shifted “economic risks from the broad shoulders of business and government to the backs of working families.” (The reporter Peter Gosselin received a 2005 Sidney Hillman Award for journalism reporting for this series. Disclosure: I served on the panel of judges. And there were other fine articles submitted on this crucial issue, including a fine series in the Detroit News documenting how Bush tax cuts badly hurt the poor.)