A new paper by Yale University Professor Jacob Hacker, "Prosperity Economics: Building an Economy for All," concludes that there is no trade-off between creating a strong, dynamic economy and fostering a society marked by greater health, broader security, increased equality of opportunity and more broadly distributed growth.
Eliseo Medina, SEIU International Secretary-Treasurer:
"Despite its gradual recovery, our economy remains broken due to historic income inequality. While the immediate task is to reduce unemployment, we need to do more. We need to reconstruct our economy to empower workers by protecting their right to bargain collectively, regulate the financial industry, rebuild our infrastructure, ensure that the wealthy pay their fair share and reinvigorate the public sector so that the American economy works for everyone, not just the top 1%.
This important paper by Professor Jacob Hacker and Nate Loewentheil, released by the Economic Policy Institute, points the way. SEIU is proud to stand with our coalition partners in support of this important contribution in the fight for a fair economy."
The authors of the the paper, Hacker and Loewentheil, write about prosperity economics on Politico.com here.