Senior Fellow Jared Bernstein testified at a hearing of the Senate Health, Education, Labor and Pension Committee today on how middle-class families are struggling to make ends meet. Here’s an excerpt:
What Are the Policies That Could Help the Middle Class?
. . . Here, I briefly list a few policy areas that could make a difference. I offer few specifics and more generally just point out areas worthy of more policy research.
But there is much more for policy makers to consider in this area, including manufacturing policy (including aggressive pushback against unfair trade practices), a strong, efficient public sector, a balanced playing field for union organizing, appropriate workplace regulation to protect workers’ safety and basic rights, decent minimum wage levels, and consumer protections.
These types of ideas have the potential to form the basis of a new social contract, one that could once again give the American middle class a fighting chance to loosen the squeeze and regain their economic footing.
You can read the full testimony here.