No developed economy in the world has been remotely close to creating 246,000 jobs per month, taking unemployment rate to 5.6%; but few would have all the benefits moving to the top 1%, with median household income shrinking to reach a decade old level.



The paradox of wealth creation is best described in the treatise by the Report of the Commission of Inclusive Prosperity, by Lawrence Summer and Ed Balls, "corporations have come to function much less effectively as providers of large-scale opportunity. Increasingly, their dominant focus has been the maximization of share prices and the compensation of their top employees. In a world where mobility is always a possibility, they have become less committed to their

work forces and their communities. And their managements’ attention has shifted to financial engineering, particularly with the goal of minimizing tax payments.This sea change has been facilitated by technology that has loosened the connections between top management and ordinary workers."



Republican or Democrats, we have a serious problem anyway.

