The real income of 90% of US families only increased ten percent since 1973. For many, the American dream has become a nightmare. More than half are even in a worse situation today than 37 years ago. The working class has not shared in the productivity growth.
"The “Great Transition” is meant to echo the phrase used by Karl Polanyi, The Great Transformation, the title of Polanyi’s important 1944 book describing the shift from the world of the commons to that of the total market order..."