{"html":"\u003C!-- Advertisements --\u003E\n\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\tkey = [];\n\tvalues = [];\n\u003C\/script\u003E\n\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\tkey.push(\u0022tn_keyword\u0022);\n\t\t\tvalues.push(\u0022\u0027executive-\u0027, \u0027hillary-cl\u0027, \u0027trans-paci\u0027, \u0027unions\u0027\u0022);\n\t\t\u003C\/script\u003E\n\t\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\tkey.push(\u0022tn_author\u0022);\n\t\t\tvalues.push(\u0022\u0027robert-l\u0027\u0022);\n\t\t\u003C\/script\u003E\n\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\tjQuery( document ).ready(function($) {\n\t\tcustom_targeting = false;\n\t\tif (key.length \u003E 0 && values.length \u003E 0) {\n\t\t\tcustom_targeting = true;\n\t\t}\n\t});\n\u003C\/script\u003E\n\t\u003Cdiv id=\u0022tn_pixel_226885_1\u0022 style=\u0027height:0px; width:0px;\u0027\u003E\u003C\/div\u003E\n\t\u003Cdiv id=\u0022tn_pixel_226885_2\u0022 style=\u0027height:0px; width:0px;\u0027\u003E\u003C\/div\u003E\n\t\t\u003Cdiv class=\u0022postid-226885 scrolltrace\u0022 articlelisttitle=\u0022Inequality Is Still the Defining Issue of Our Time\u0022 articlelistlinks=\u0022https:\/\/www.thenation.com\/article\/inequality-is-still-the-defining-issue-of-our-time\/\u0022 article-post-id=\u0022226885\u0022\u003E\n\t\n\t\u003Carticle id=\u0022url-title\u0022\u003E\n\t\u003C!-- Banner Image --\u003E \n\t\t\t\u003Cheader class=\u0022article-header\u0022\u003E\n\t\t\u003Cdiv class=\u0022article-header-content\u0022\u003E\n\t\t\t\t\t\u003Cul class=\u0022article-info\u0022\u003E\n\t\t\t\t\u003Cli class=\u0022category\u0022\u003E\u003Ca href=\u0022https:\/\/www.thenation.com\/subject\/activism\/\u0022 class=\u0022anchor_subject\u0022\n subjectlink=\u0022https:\/\/www.thenation.com\/subject\/activism\/\u0022\u003EActivism\u003C\/a\u003E\u003C\/li\u003E\u003Cli class=\u0022category\u0022\u003E\u003Ca href=\u0022https:\/\/www.thenation.com\/subject\/inequality\/\u0022 class=\u0022anchor_subject\u0022\n subjectlink=\u0022https:\/\/www.thenation.com\/subject\/inequality\/\u0022\u003EInequality\u003C\/a\u003E\u003C\/li\u003E\u003Cli class=\u0022subcategory\u0022\u003E\u003Ca href=\u0022https:\/\/www.thenation.com\/keyword\/trans-pacific-partnership\/\u0022\u003ETrans-Pacific Partnership\u003C\/a\u003E\u003C\/li\u003E\t\t\t\t\u003C\/ul\u003E\n\t\t\n\t\t\t\u003Ch1 class=\u0022title\u0022\u003EInequality Is Still the Defining Issue of Our Time\u003C\/h1\u003E\n\t\t\t\u003Ch2 class=\u0027subtitle\u0027\u003EFierce battles over trade, labor rights, and executive compensation will determine whether we can really narrow the gap.\u003C\/h2\u003E \n\t\t\t\u003Cdiv class=\u0022byline\u0022\u003E\n\t\t\t\t\t\t\t\u003Ch2 class=\u0022author_name\u0022\u003EBy \u003Ca class=\u0022author\u0022 href=\u0022https:\/\/www.thenation.com\/authors\/robert-l-borosage\/\u0022\u003ERobert L. Borosage\u003C\/a\u003E\u003C\/h2\u003E\t\t\t\t\t\u003C!--\u003Ch2\u003EBy\u003C\/h2\u003E--\u003E\n\t\t\t\t\t\t\t\t\t\t\t\t\u003Ch4 class=\u0022time is_date article_pub_time\u0022\u003EYesterday 2:41 pm\u003C!--\u003Cspan\u003E\u003Ca href=\u0022\u0022 class=\u0022click_comment\u0022\u003E\u003C\/span\u003E\u003Cspan\u003E0 Comments\u003C\/span\u003E\u003C\/a\u003E--\u003E\n\t\t\t\t\t\t\t\t\n\t\t\t\t\u003C\/h4\u003E\n\t\t\t\t\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cul class=\u0022article-share\u0022\u003E\n\t\t\t\u003Cli\u003E\u003Ca class=\u0022social-share fb\u0022 href=\u0022javascript:void(0)\u0022\u003E\u003Cspan\u003EFacebook\u003C\/span\u003E\u003C\/a\u003E\u003C\/li\u003E\n\t\t\t\t\t\u003Cli\u003E\u003Ca class=\u0022social-share tw\u0022 href=\u0022javascript:void(0)\u0022\u003E\u003Cspan\u003ETwitter\u003C\/span\u003E\u003C\/a\u003E\u003C\/li\u003E\n\t\t\t\t\t\u003Cli\u003E\u003Ca class=\u0022social-share email\u0022 href=\u0022javascript:void(0)\u0022\u003E\u003Cspan\u003EEmail\u003C\/span\u003E\u003C\/a\u003E\u003C\/li\u003E\n\t\t\t\t\t\u003Cli\u003E\u003Ca class=\u0022social-share tn_print\u0022 href=\u0022javascript:void(0)\u0022 onclick=\u0022tn_print_fn()\u0022\u003E\u003Cspan\u003EPrint\u003C\/span\u003E\u003C\/a\u003E\u003C\/li\u003E\n\t\t\t\u003C\/ul\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\u003C\/header\u003E\n\t\t\t\t\u003Csection class=\u0022article-body abody-226885\u0022 \u003E\n\t\t\u003Caside class=\u0022left full-width-mobile image wide indent\u0022\u003E\n\t\t\t\t\t\t\t\t\t\t\u003Ca class=\u0022gallery imgHover\u0022 href=\u0022https:\/\/www.thenation.com\/wp-content\/uploads\/2016\/10\/tpp_protest2_rtr_img.jpg\u0022 title=\u0022Opponents of the Trans Pacific Partnership protest outside the White House. (Reuters \/ Gary Cameron)\u0022\u003E\u003Cimg src=\u0022https:\/\/www.thenation.com\/wp-content\/uploads\/2016\/10\/tpp_protest2_rtr_img.jpg\u0022 alt=\u0022TPP protest\u0022\u003E\u003C\/a\u003E\n\t\t\t\t\t\t\t\t\t\t\u003Cp class=\u0022caption\u0022\u003EOpponents of the Trans Pacific Partnership protest outside the White House. \u003Cspan class=\u0022credits\u0022\u003E(Reuters \/ Gary Cameron)\u003C\/span\u003E\u003C\/p\u003E\n\t\t\t\t\t\t\t\u003C\/aside\u003E\n\t\t\t\t\t\t\t\u003Cdiv style=\u0022clear:both\u0022\u003E\u003C\/div\u003E\t\t\n\t\t\t\t\t\u003Cp\u003EIn 2011, President Obama, speaking in the wake of Occupy Wall Street, called inequality the \u201c\u003Ca href=\u0022https:\/\/www.washingtonpost.com\/politics\/running-transcript-president-obamas-december-4-remarks-on-the-economy\/2013\/12\/04\/7cec31ba-5cff-11e3-be07-006c776266ed_story.html\u0022\u003Edefining issue of our time\u003C\/a\u003E.\u201d Now Jason Furman, chair of the Council on Economic Advisors, argues that Obama \u201c\u003Ca href=\u0022https:\/\/www.washingtonpost.com\/opinions\/how-obama-has-narrowed-the-income-inequality-gap\/2016\/09\/23\/affa4f6e-80d9-11e6-a52d-9a865a0ed0d4_story.html\u0022\u003Enarrowed the inequality gap\u003C\/a\u003E\u201d more than any president in 50 years. The nonpartisan \u003Ca href=\u0022https:\/\/www.cbo.gov\/sites\/default\/files\/114th-congress-2015-2016\/reports\/51361-HouseholdIncomeFedTaxes.pdf\u0022\u003ECongressional Budget Office echoes\u003C\/a\u003E the observation that income inequality after taxes is no higher than it was in 2000, and that Obama\u2019s policies have done more to reduce inequality than any other policies on record.\u003Cspan class=\u0022paranum\u0022\u003E1\u003C\/span\u003E\u003Caside class=\u0022ad right most-popular-plus-ad grey_back\u0022\u003E\n\t\t\t\t\u003Cdiv id=\u0022ad-halfpage-226885-0\u0022 class=\u0022sailthru_class_form\u0022\u003E\u003C\/div\u003E\n\t\t\t\t\u003Ca href=\u0022http:\/\/www.thenation.com\/advertising-policy\u0022 class=\u0022ad-policy\u0022 target=\u0022_blank\u0022\u003EAd Policy\u003C\/a\u003E\n\t\t\t\u003C\/aside\u003E\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\u003Cp\u003EDon\u2019t take down the barricades. Inequality remains extreme and continues to widen. And the populist uprisings that have roiled American politics have clear opportunities to tackle the core problem after the election.\u003Cspan class=\u0022paranum\u0022\u003E2\u003C\/span\u003E\t\t\n\u003Cp\u003EAs James Kwak at \u003Ca href=\u0022https:\/\/baselinescenario.com\/2016\/09\/27\/is-inequality-rising-or-falling\/#more-13602\u0022\u003EBaseline Scenario notes\u003C\/a\u003E, the council\u2019s report measures Obama\u2019s reductions against what inequality would have been if George Bush\u2019s policies had been sustained through the Great Recession. The progress comes largely from progressive tax changes. Obama raised taxes marginally on the very wealthy (allowing the Bush tax cuts to expire for very rich, particularly the 15 percent tax on capital gains, and taxing investment income under Medicare to help pay for health-care reform) and increased tax subsidies to low-wage workers (expanded child tax and expanded earned-income tax credits.) These advances, while praiseworthy, don\u2019t come close to reversing the regressive tax polices of the past decades.\u003Cspan class=\u0022paranum\u0022\u003E3\u003C\/span\u003E\t\t\n\u003Cp\u003EAs \u003Ca href=\u0022https:\/\/eml.berkeley.edu\/~saez\/saez-UStopincomes-2015.pdf\u0022\u003EEmmanuel Saez has shown\u003C\/a\u003E, the richest 1 percent continue to pocket the bulk of the rewards of growth. The income share of the top 1 percent before taxes fluctuates with the business cycle, but it has been rising over time. Despite recent increases, household income for the vast majority of the population has still not recovered from the Great Recession. These rewards largely reflect the underlying economic structures that determine what Jacob Hacker has dubbed predistribution (the pre-tax distribution of income): globalization, bargaining power of labor, executive pay structures, demand for skills, etc. As Kwak concludes, \u201cIt\u2019s hard to point to anything [Obama] did that affected the underlying economic factors producing the increase in inequality.\u201d\u003Cspan class=\u0022paranum\u0022\u003E4\u003C\/span\u003E\t\t\n\u003Cp\u003EThis elevates the importance of fierce political battles that will occur after the November elections. First, President Obama plans to join with the business lobby to push the Trans-Pacific Partnership Treaty through the lame-duck session of Congress. The TPP is another in the corporate trade and investment deals that have proved so devastating to American workers. Even trade-accord advocates now admit that our globalization strategy has contributed directly to growing inequality, putting American workers in competition with low-wage and repressed labor abroad, with no sensible industrial or comprehensive strategy for impacted communities and workers.\u003Cspan class=\u0022paranum\u0022\u003E5\u003C\/span\u003E\u003Caside class=\u0022right hidden-on-mobile most-popular-plus-ad\u0022\u003E\u003Cdiv class=\u0022most-popular hover_b_remove\u0022\u003E\n\t\t\t\t\t\t\t\t\t\u003Ch3\u003EMost Popular\u003C\/h3\u003E\u003Cdiv class=\u0022popular-article\u0022\u003E\u003Ch4\u003E1\u003C\/h4\u003E\u003Cp\u003E\u003Ca href=\u0022https:\/\/www.thenation.com\/article\/the-united-states-and-nato-are-preparing-for-a-major-war-with-russia\/\u0022\u003EThe United States and NATO Are Preparing for a Major War With Russia\u003C\/a\u003E\u003C\/p\u003E\u003C\/div\u003E\u003Cdiv class=\u0022popular-article\u0022\u003E\u003Ch4\u003E2\u003C\/h4\u003E\u003Cp\u003E\u003Ca href=\u0022https:\/\/www.thenation.com\/article\/war-mongering-in-washington-preparation-for-war-in-moscow\/\u0022\u003EWarmongering in Washington, Preparation for War in Moscow\u003C\/a\u003E\u003C\/p\u003E\u003C\/div\u003E\u003Cdiv class=\u0022popular-article\u0022\u003E\u003Ch4\u003E3\u003C\/h4\u003E\u003Cp\u003E\u003Ca href=\u0022https:\/\/www.thenation.com\/article\/ruth-bader-ginsburg-could-not-be-more-wrong-about-colin-kaepernick\/\u0022\u003ERuth Bader Ginsburg Could Not Be More Wrong About Colin Kaepernick\u003C\/a\u003E\u003C\/p\u003E\u003C\/div\u003E\u003Cdiv class=\u0022popular-article\u0022\u003E\u003Ch4\u003E4\u003C\/h4\u003E\u003Cp\u003E\u003Ca href=\u0022https:\/\/www.thenation.com\/article\/the-birth-of-a-nation-is-an-epic-fail\/\u0022\u003E\u2018The Birth of a Nation\u2019 Is an Epic Fail\u003C\/a\u003E\u003C\/p\u003E\u003C\/div\u003E\u003Cdiv class=\u0022popular-article\u0022\u003E\u003Ch4\u003E5\u003C\/h4\u003E\u003Cp\u003E\u003Ca href=\u0022https:\/\/www.thenation.com\/article\/think-the-us-is-the-foremost-global-superpower-think-again\/\u0022\u003EThink the US Is the Foremost Global Superpower? Think Again\u003C\/a\u003E\u003C\/p\u003E\u003C\/div\u003E\u003C\/aside\u003E\t\t\n\u003Cp\u003EThe mobilization against the TPP will engage the populist energies in both parties. Sanders\u2019s new organization Our Revolution will join with labor and the bulk of the activist Democratic base to drive an intense opposition that will make the Tea Party look like, well, a tea party. If the TPP is defeated, the next administration will be forced to rethink America\u2019s globalization strategies, moving towards more balanced trade, ending the special privatized investor arbitration system, and focusing attention on the tax traps and dodges that allow global corporations to evade hundreds of billions in taxes. Even if the TPP passes, the fury of the opposition could force an understanding that the old game is over.\u003Cspan class=\u0022paranum\u0022\u003E6\u003C\/span\u003E\t\t\t\t\t\t\t\t\u003Cstyle\u003E\n\t\t\t\t.article-wrap .article-body aside.left.custom_background_226885\t\t\t\t {\n\t\t\t\t background:none !important;\n\t\t\t\t }\n\t\t\t\t \u003C\/style\u003E\n\t\t\t\t\t\t\t\t\u003Cstyle\u003E\n\t\t\t\t.article-wrap .article-body aside.left.custom_background_226885\t\t\t\t {\n\t\t\t\t background:#5000b2 !important;\n\t\t\t\t }\n\t\t\t\t \u003C\/style\u003E\n\t\t\t\t\u003Caside class=\u0022left takeaction indent custom_background_226885\u0022\u003E\n\t\t\t\t\t\u003Cdiv class=\u0022action_tout_heading\u0022\u003E\u003Cp\u003E\u003Cp\u003E\u003Cspan\u003ELIKE THIS? GET MORE OF OUR BEST REPORTING AND ANALYSIS \u003C\/span\u003E\u003C\/p\u003E\u003C\/p\u003E\u003C\/div\u003E\n\t\t\t\t\t\u003Cform action=\u0022\u0022 name=\u0022sailthru_action_tout_form\u0022 method=\u0022post\u0022\u003E\n\t\t\t\t\t\u003Cinput type=\u0022email\u0022 name=\u0022email\u0022 id=\u0022take_action_sailthru_email_226885\u0022 class=\u0022take_action_sailthru_email\u0022 Placeholder=\u0022Enter Email\u0022\u003E\n\t\t\t\t\t\t\t\t\t\u003Cinput type=\u0022hidden\u0022 name=\u0022take_action_sailthru_list_final\u0022 id=\u0022take_action_sailthru_list_final_226885\u0022 value=\u0022daily_tout,master,daily\u0022\u003E\n\t\t\t\t\t\u003Cdiv class=\u0022cta\u0022\u003E\u003Cp\u003E\n\t\t\t\t\t\n\t\t\t\t\t\u003Cinput type=\u0022button\u0022 class=\u0022take_action_sailthru_submit\u0022 name=\u0022submit_sailthru\u0022 value=\u0022SIGN UP!\u0022 onclick=\u0022add_action_tout_sailthru(226885)\u0022\u003E\u003C\/p\u003E\u003C\/div\u003E\n\t\t\t\t\t\u003C\/form\u003E\n\t\t\t\t\u003Cp id=\u0022action_tout_response_226885\u0022\u003E\u003C\/p\u003E\n\t\t\t\t\u003C\/aside\u003E\n\t\t\t\t\n\u003Cp\u003ESimilarly, efforts to lift the floor under workers already in motion should gain new energy. The Republican House leadership won\u2019t even allow a vote on hiking the minimum wage, but Fight for $15 and other movements are winning wage hikes in cities and states across the country. Measures to guarantee paid sick and vacation days and to crack down on wage theft and demand equal pay for women are beginning to move. These efforts\u2014particularly at a time of relatively low unemployment\u2014can help workers gain a greater share of the profits they help to produce.\u003Cspan class=\u0022paranum\u0022\u003E7\u003C\/span\u003E\t\t\n\u003Cp\u003E\u003Ca href=\u0022http:\/\/www.economist.com\/news\/briefing\/21708216-americas-president-writes-us-about-four-crucial-areas-unfinished-business-economic\u0022\u003EObama recently admitted\u003C\/a\u003E that stronger unions are vital to redressing inequality. Yet he abandoned campaign promises to make labor-law reform a priority early in his administration and has refused to issue an executive order giving union employers priority in government contracting. Union support was central to Clinton\u2019s victory in the primaries. When she takes office in January, activists should join with federal contract employees to demand issuance of a \u003Ca href=\u0022http:\/\/goodjobsnation.org\/content\/uploads\/2014\/11\/More-than-the-Minimum-FINAL.pdf\u0022\u003EGood Jobs executive order\u003C\/a\u003E that would encourage firms with federal contracts to respect labor rights. And Democrats at every level of executive office should be pushed to put government on the side of workers.\u003Cspan class=\u0022paranum\u0022\u003E8\u003C\/span\u003E\t\t\n\u003Cp\u003EFinally, populist energy should be directed at curbing obscene CEO pay packages. Academics have exposed the \u003Ca href=\u0022https:\/\/hbr.org\/2016\/02\/stop-paying-executives-for-performance\u0022\u003Efraudulence\u003C\/a\u003E of \u201cperformance pay\u201d bonuses. Investors bemoan the perverse corporate policies generated by executive efforts to drive up the value of their bonuses. Yet boardrooms haven\u2019t got the message. It is time to turn up the heat. For example, executive compensation rules to discourage Wall Street risk-taking were supposed to have been written nearly five years ago. They haven\u003Cspan\u003E\u2019\u003C\/span\u003Et been, and progressives in Congress led by Elizabeth Warren and Bernie Sanders should expose this outrage. Unions, public pension funds, and university endowments should use their votes to challenge excessive CEO compensation packages. Sanders\u2019s Our Revolution might join with other progressive groups in challenging the worst abusers at their annual shareholders meetings.\u003Cspan class=\u0022paranum\u0022\u003E9\u003C\/span\u003E\t\t\n\u003Cp\u003EInequality remains a defining issue of our time. The advances made under Obama deserve applause, but the real work remains to be done. This presidential season has exposed the growing revolt against business as usual. Now activists must seize the opportunity to build on the energy after November.\u003Cspan class=\u0022paranum\u0022\u003E10\u003C\/span\u003E\t\t\n\t\t\u003C\/section\u003E\n\t\t\u003Cfooter class=\u0022article-footer narrow\u0022\u003E\n\t\t\t\n\t\t\t\u003Cdiv class=\u0022footer-module comments\u0022\u003E\n\t\t\t\u003C!---- Comments count function ----\u003E\n\t\t\t\t\u003Ca class=\u0022click_comment\u0022 href=\u0022\u0022 article-post-id=\u0022226885\u0022\u003E0 Comments\u003C\/a\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\t\t\t\u003Cdiv class=\u0022footer-module\u0022\u003E\n\t\t\t\t\u003Cul class=\u0022article-share\u0022\u003E\n\t\t\t\t\t\u003Cli\u003E\u003Ca class=\u0022social-share fb\u0022 href=\u0022javascript:void(0)\u0022\u003E\u003Cspan\u003EFacebook\u003C\/span\u003E\u003C\/a\u003E\u003C\/li\u003E\n\t\t\t\t\t\u003Cli\u003E\u003Ca class=\u0022social-share tw\u0022 href=\u0022javascript:void(0)\u0022\u003E\u003Cspan\u003ETwitter\u003C\/span\u003E\u003C\/a\u003E\u003C\/li\u003E\n\t\t\t\t\t\u003Cli\u003E\u003Ca class=\u0022social-share email\u0022 href=\u0022javascript:void(0)\u0022\u003E\u003Cspan\u003EEmail\u003C\/span\u003E\u003C\/a\u003E\u003C\/li\u003E\n\t\t\t\t\t\u003Cli\u003E\u003Ca class=\u0022social-share tn_print\u0022 href=\u0022javascript:void(0)\u0022 onclick=\u0022tn_print_fn()\u0022\u003E\u003Cspan\u003EPrint\u003C\/span\u003E\u003C\/a\u003E\u003C\/li\u003E\n\t\t\t\t\u003C\/ul\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003C!--\u003Cdiv class=\u0022footer-module narrow supplemental-info\u0022\u003E\n\t\t\t\t\t\t\t\u003C\/div\u003E--\u003E\n\t\t\t\u003Cdiv class=\u0022footer-module narrow author-bio\u0022\u003E\n\t\t\t\t\t\t\t\t\t\u003Cp\u003E\u003Cspan\u003E\u003Ca href=\u0022https:\/\/www.thenation.com\/authors\/robert-l-borosage\/\u0022\u003E Robert L. Borosage\u003C\/a\u003E\n\t\t\t\t\t\t\t\t\t\t\t\t\u003C\/span\u003E Robert Borosage is a leading progressive writer and activist.\u003C\/em\u003E\u003C\/p\u003E\u003Cbr\/\u003E\n\t\t\t\t\t\t\u003C\/div\u003E\n\t\t\t\t\t\t\t\u003Cdiv class=\u0022footer-module narrow contact-us\u0022\u003E\n\t\t\t\t\t\u003Cp\u003ETo submit a correction for our consideration,\t\t\t\t\t\t\n\t\t\t\t\t\tclick \u003Ca target=\u0022_blank\u0022 href=\u0022\/corrections?title=Inequality+Is+Still+the+Defining+Issue+of+Our+Time&url=https%3A%2F%2Fwww.thenation.com%2Farticle%2Finequality-is-still-the-defining-issue-of-our-time%2F\u0022\u003Ehere.\u003C\/a\u003E\n\t\t\t\t\t\t\t\t\t\t\u003C\/p\u003E\n\t\t\t\t\t\u003Cp\u003EFor Reprints and Permissions, click \u003Ca target=\u0022_blank\u0022 href=\u0022http:\/\/www.thenationreprints.com\/services\/reprints\/\u0022\u003Ehere.\u003C\/a\u003E\u003C\/p\u003E\n\t\t\t\t\u003C\/div\u003E\n\t\t\t\t\t\n\t\t\t\u003Cdiv id=\u0022comments_226885\u0022 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