Biden’s Unheralded War on Poverty

According to a study by economists David Autor, Arindrajit Dube, and Annie McGrew, so many workers—predominantly young, with no more than high school educations, working overwhelmingly in low-wage service-sector jobs—quit those jobs in 2021 and 2022 for better-paying ones that this collective job switch actually reduced such indices of inequality as the gaps between college-educated and non-college workers, and that between the 90th income percentile and the 10th income percentile, by a full 25 percent.

Michael Tae Sweeny on Mastodon: "The wealthy hate this and are (explicitly!) saying they want a recession in order to crush it."