In a recent online essay for Medium titled “The Coming Economic Crash — And How to Stop It,” Democratic presidential hopeful Sen. Elizabeth Warren (Mass.) warns of an imminent “economic downturn.” As one warning sign, Warren says Americans are saddled with excessive household debt due to a “generation of stagnant wages and rising costs.” Her argument is so 2016.
As talk of a looming recession has picked up steam this month, and as Warren's poll numbers have jumped, it's worth taking a closer look at her message about wages and costs.
Read Full Article »