Elizabeth Warren Quotes
We cannot run a democracy without a strong middle class.
Warren, Elizabeth. A Fighting Chance. Metropolitan Books, 2014.
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It has been the blue collar worker who has borne the economic brunt of globalization in the industrial democracies. It was their jobs who moved off shore, their wages that were under pressure from low wage workers in emerging nations.
At the time of this quotation, the nation had gone through more than 3 decades of enormous increase in prosperity for the wealthy, and modest gains for the highly skilled, technically trained workers. However, correcting for inflation, average salaries did not increase at all. The middle class was particularly hard hit. Only 20 percent of the population benefitted from the growth at all; however, the 1 percent had rarely prospered more. Kenworthy’s principle did not apply for this period of American history.
Elizabeth Ann Warren is an American politician and former law professor who is the senior United States senator from Massachusetts, serving since 2013. A member of the Democratic Party and regarded as a progressive, Warren has focused on consumer protection, economic opportunity, and the social safety net while in the Senate. Warren was a candidate in the 2020 Democratic Party presidential primaries, ultimately finishing third.