The long list of calls settled itself into the monotone of routine. “Hi, my name is Erik, and I’m calling for Jim Scheibel, your DFL candidate for Mayor of Saint Paul.” The 1989 election was going to be close, so Get Out The Vote (GOTV) calling to loyal Democrats was important. But just as I let the script propel my calls with their own momentum the soft gravely tone on the other end split the evening open.
“Oh, dear, you don’t have to remind me to vote. I’ve been voting ever since they let us.”
We’ve been “letting” women vote for 97 years, ever since Tennessee ratified the 19th Amendment on August 26th, 1920 by just one vote. The anniversary of this landmark event, “Women’s Equality Day”, is a good time to reflect on how young and precarious this precious foundation of democracy is for half the population.
Is wealth and income inequality holding the economy back? A recent study by the Pew Foundation shows that from 2009-2011 the wealthiest 7% of the US saw their net worth climb 24% – to an average of nearly $3.2M – while the other 93% of the population saw their wealth plummet 7%. More than being unfair, it may also be holding back economic growth overall. The rich may be happy with their take, but it may stop coming.
A number of studies have shown the effect over a number of countries, and the effect is undeniable. At what point does income and/or wealth inequality slow growth? Like an excess of debt it’s hard to say, but the two taken together lead to a compelling argument that the search for sustainable, meaningful growth is a strongly bipartisan, left and right issue – and something we should get moving on as a priority.