http://www.aflcio.org/mediacenter/speakout/dick_levin.cfmThe middle class is fading fast. Stagnant wages, rising costs for life’s essentials and massive debt are taking their toll. What can we do to reverse this trend before it is too late? We must recognize that cheap labor can build cars and appliances, but only organized labor can build a middle class.
While the middle class struggles, the country’s wealthiest people are riding the stock market gravy train. Much of my economic work in the past several years has been with farming. Farmers have a better word for those who make money because of what they own instead of what they do. They are called landlords. Landlords, like corporate shareholders, simply sit back and take part of what others have earned.
What many politicians hail as the “ownership society” is really a landlord society. It is one in which money that could be used to reward labor gets skimmed off by a fortunate few. This repackaging of our old friend, trickle-down economics, is downright dangerous.

Richard A. Levins, Professor Emeritus of Applied Economics, University of Minnesota
All strategies that trade good jobs for cheap toasters eventually erode the market for the goods and services being provided. A society composed of a handful of hyper-wealthy individuals and millions of people living on the economic edge is not the sound, stable market needed for growth. Only a middle class with a widely distributed buying power can provide that. What economists call the “income distribution” in this country is, from a middle-class perspective, as bad as it has been since the years leading up to the Great Depression.
The ideology of ownership would have us believe that the rich getting richer is just how things work in our economic system. The less we tamper with the way profits are distributed among owners and workers, the better off we all will be. The problem is, of course, that the rich and powerful monkey with the system all the time, and always to their benefit at the expense of the middle class.
Corporations are now strong enough to call for, and get, substantial tax reductions. They can call for, and get, substantial wage concessions. They can call for, and get, weakened public oversight of their activities. These changes, which have permitted and fostered the growth of corporations and globalization, are not the result of clever ideas and theories. They result from the exercise of power.
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