Understanding Illinois: Barbell Society is Worrisome For Future
•January 25, 2017• By Jim Nowlan NP Guest Columnist President Donald Trump faces a real conundrum in trying to meet the expectations of his white, high school-educated supporters. They want a bigger slice of the economic pie while Trump’s fellow one percenters want to see their taxes cut. The incoming chief executive cannot satisfy both aspirations in our very slow-growth economy where wealth re-allocation is almost a zero-sum game. That is, to provide more for the low-skilled means taking something away from the wealthy to do it. I am fascinated by this age-old conflict between labor and capital. That is, … Read More
