Baker on the Causes of Economic Hardhip for the Middle Class

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Wednesday, 31 January 2007 13:21

Dean Baker submitted testimony to the House Ways and Means Committee hearing, The Causes of Economic Hardship for the Middle Class. Dean argues that the upward redistribution of wealth over the last 25 years was primarily the result of policy changes and not simply the natural workings of the market. He discusses four policy areas that should be improved: trade and immigration, Federal Reserve Board, labor-management, and corporate governance.