As our country inches its way out of the Great Recession and looks toward the future, the need for a new policy framework to guide our economic growth is clear. The economic model of the past several decades is failing nearly everyone, save those at the very top. With the exception of the later years of the Clinton administration, economic growth has been slower and less broadly shared over the past several decades, leaving more and more families, even entire communities, to fall further behind and with diminishing prospects for catching up.
This is true not only for the poorest of the poor but also for lower- and middle-income families, who have seen their incomes stagnate and their quality of life decline. And it is especially true for people of color, who are rapidly becoming the majority population of the United States and will certainly be so by 2050.The above excerpt was originally published in .