Year after year in his annual address to Congress, President Obama describes the state of the Union as “strong.” That adjective doesn’t describe the increasingly desperate and shrinking American middle class.
According to the Pew Research Center, the proportion of Americans who identify themselves as middle class has dropped sharply in recent years.
The nationally representative survey of 1,504 adults conducted Jan. 15-19 found that the share of Americans who identify with the middle class has never been lower, dropping to 44% in the latest survey from 53% in 2008 during the first months of the Great Recession.
…Economists also report a lack of jobs growth in middle-skill, middle-income jobs. An analysis by the New York Federal Reserve Bank found that employment in middle-skill jobs increased by 46% from 1980 to 2009. Meanwhile, employment in low-skill jobs increased 110% and employment in high-skill jobs increased 100%. This phenomenon of “jobs polarization” is perhaps most assiduously studied by David Autor, an MIT economist. His research demonstrates that employment growth over the past three decades has steadily gravitated toward low-skill jobs.
Tonight, President Obama’s challenge is not to explain or sympathize with the plight of the middle class, but to tell us what he’s going to do –as President– to solve the problem of rising income inequality. Relying on Congress is not a plan!
Obama has been urging Congress to use its “fast-track authority” to sign off on the still-unfinished deal between 12 Pacific nations. If lawmakers agree to fast-track the measure, they wouldn’t be able to offer amendments and would have to take an up-or-down vote on whatever deal the administration eventually reaches. The TPP has the backing of corporate interest groups, but liberals have balked over its potential to undermine environmental, public health and labor standards, as well as ship U.S. jobs overseas. The White House has yet to find a House Democratic cosponsor for it.