“But, as a successful businessman, he never found that to be true.”
Chuckles. The man is a VC. There is a huge difference between the majority of today’s venture funded firms (heavily tech driven, high ROI, EXTREMELY small staffing per dollar of revenue) to the regular business on the street, which is not tech driven, has a low ROI, and much higher staffing per dollar of revenue.
The only policy solution in this article that middle-out seems to support is higher minimum wage……which doesn’t address the middle class in the least.
If the idea of this post was to sell us on a new way of thinking about economics…..well, it might have been a good idea to actually explain it. Everyone, I think, KNOWS that a thriving middle class is necessary for a thriving economy. The debate is about how to get them thriving again, and higher taxes on corporations and minimum wage increases don’t address that in the slightest.