Brink Lindsey has joined the ranks of Substack writers. Not his first post, but an interesting one, on the decline in social status of ordinary American workers.
The Declining Leverage and Status of Ordinary People
Discussion of the widening class divide tends to focus on money — the top 1 percent’s share of total income, trends in median income, wealth inequality, intergenerational mobility, and so on. The preoccupation is understandable: economics is preeminent among the social sciences in prestige and influence, and economists naturally look to economic indicators. But if you examine contemporary socioeconomic inequality through a purely economic lens, you will fail to see the true depths of the problem.
brinklindsey.substack.com