The electoral victory for the middle class in this election should translate into middle-class-focused policies. Those policies will help more than just middle-class families.
To be sure, a government that recognizes the middle class as the key driver of economic growth is more likely to boost infrastructure, education, scientific discoveries, and other parts of the economy that nurture the broad middle class.
But policies that recognize the dangers of rising inequality will also help restore the American Dream of social and economic mobility for lower-income people.
As a stronger middle class consumes more goods and services, produces a more talented workforce, and incubates more innovative entrepreneurs, the beneficiaries will include businesses and the people who own and invest in them.
For more on this topic, please see:
- Why President Obama’s Victory Is a Victory for the Middle Class by Gadi Dechter