Daily Clips: January 27th, 2016
Nick Hanauer joins Iowa public radio: Iowa has much lower rates of income inequality compared to the nation as a whole, but in the last fifteen years they’ve been slowly catching up to national levels. Unfortunately.
In this interview, Nick Hanauer ridicules trickle-down economics and highlights the necessity for middle-out economics, which puts the middle class at the heart of economic growth and not the rich. As he says,
You don’t pour money into rich people and have prosperity pop out the other end like donuts.
Never thought of it that way.
Jobs are under attack, but not by robots: There are a lot of people that are techno-pessimists. We here at Civic Skunk Works are not apart of this group. And a new article follows our line of thinking, arguing that robots and automation are not holding back our economy, that in fact:
Slower productivity growth and low-wage jobs are leading to the unequal distribution of productivity gains. Those are the real headwinds that America faces.
Tweet of the day:
Prediction: Trump changes mind, ends up doing Fox debate, but successfully makes 2 days of news cycle all about whether he does the debate
— James Poniewozik (@poniewozik) January 27, 2016