Thursday, August 25, 2011
Fred Siegel: Who Lost the Middle Class?
It was in mid-1960s New York—under the leadership of a Barack Obama precursor, Hollywood-handsome John Lindsay—that the country’s first top-bottom political coalition emerged. In 1965, Gotham had more manufacturing jobs than any other city in the country.
But the city’s political elites used eminent domain to push manufacturing aside in favor of business services; they also expanded social programs to help African-Americans and Puerto Ricans. The service sector proved rough going for the less educated, and the social programs failed. New York City responded by inflating its unionized public-sector workforce to incorporate minority workers.
Higher taxes to pay for bigger government joined higher crime to produce a massive exodus of manufacturing and middle-class jobs. Over the last 45 years, New York has led the country in outmigration. A recent study by E. J. McMahon and Robert Scardamalia of the Empire…
Read More: http://www.city-journal.org/2011/eon0811fs.html
Posted by Blog Moderator at Thursday, August 25, 2011