incomes in the middle stagnated. In this respect, he reflected the almost universal belief of progressives in eugenics. According to the Bureau of Labor Statistics, almost ninety-one million confucianism in Zhou Dynasty people over age sixteen are not working, which is a record high. In our book, we focus on four big case studies: financial regulation, patent and copyright law, occupational licensing, and zoning. What was the progressives approach to economic policy?
Conservatism and the Real Problems of Income Inequality
The more government intervenes to spread out income, the theory goes, the more it reduces growth. The editorial page. Since the recessions official end in 2009, real hourly wages have fallen.6 percent. Today the number who think so stands at just 16 percent. Not only has the middle class experienced wage stagnation, but the supply of midwage jobs has shrunk proportionally more than jobs at the top or bottom. Reactionaries (mainly on the left, but sometimes also on the right) want to freeze the economy preserving the current allocation of jobs and the incomes that derive from those jobs. Trade associations were allowed to organize along industry lines controlling output, setting prices and effectively functioning as an industry-by-industry system of cartels. Historical Roots of Conservatism and Liberalism Where do conservatism and liberalism come from? In a rising asset-price environment, businesses engage in asset manipulation, not capital investment, and are more concerned with balance-sheet a New level of Corporate Power wealth than with business investment, which is the only way to boost real economic growth. Conservatives want the reverse. Yet the Times editorial writers are completely comfortable with having government control their retirement income, even though Social Security has been managed like a Ponzi scheme.