What’s going on with the 2016 Presidential race? Voters are rallying behind political outsiders, both Republican and Democrat. Campaign front-runners have never been so extreme in their views, leaving the more mainstream candidates scrambling to connect with the voters.
It’s easy to think that we’re seeing something unusual, that this is some sort of perfect storm of voter frustration and fear. Actually, this year’s unprecedented political maneuvering is a logical continuation of economic trends that started over 40 years ago.
I was doing a study for Universal Studios, looking into how Americans are working more and taking less vacation time. I noticed that when average wages were adjusted for inflation, the American worker had actually been earning less and less each year since 1973.