On the recordFebruary 3, 2015
Thank you for doing this. One of the things that we have to recognize in Congress is that policies really make a difference. Wages have stagnated; people haven't had a raise in 15 or 20 years; and there are a lot of reasons for that. Some of it is globalization. A lot of it has to do with the weakening bargaining power of unions that were so helpful in improving living standards for everyday Americans, not just for the members of the union but for others who benefited by the commitment of unions to good jobs, good wages, and safe working conditions. There are pressures with globalization that have reduced bargaining power. It has made things cheaper to buy but has really helped contribute to lower wages. The bottom line is that we need policies in order to focus attention, as you are saying, on the middle class and improving their purchasing power, giving them what the middle class has always had: a wage or a salary where, at the end of the month, they can pay their bills, set aside a little money for college, set aside a little money for a vacation, set aside a little extra money for retirement. That is a basic contract that we should be making. We have got a variety of things where we have created policies and undercut the capacity of the middle class to sustain itself. The tax policy is out of control.…





