Since the 1990s, the share of national income going to working- and middle-class Americans has been dropping.  For most of the post-WWII period, wage-earners captured 64% of the Gross Domestic Product (GDP).  At the beginning of the 21st century, however, things started to change for the worse.  In 2017, wages and salaries accounted for just 43% of the GDP.  This is the lowest level since 1929.  See the interactive graph of the Federal Reserve Bank of St. Louis.  I trust we can all agree that this is a bad situation.  It's indicative of the hollowing out of the American middle class.  Irrespective of what the intellectuals and pundits may say or think, the middle class, not they, is the bedrock of America.    Numerous factors have contributed to this trend, but the elephant in the room is globalization. Globalization brought China into the picture.  This communist...(Read Full Article)