The strong U.S. economy is “fundamentally broken,” Democratic Socialist Sen. Bernie Sanders (I-VT) said Wednesday.
What’s more, it’s “grotesquely unfair” that “The billionaire class consumes the lion’s share of the wealth,” while the working-class does the work, Democrat presidential hopeful Sanders told his audience at George Washington University in Washington, D.C.:
“We now have an economy that is fundamentally broken and grotesquely unfair.
“Even while macroeconomic numbers like GDP, the stock market, and the unemployment rate are strong, millions of middle-class and working-class people struggle to keep their heads above water – while, at the same time, the billionaire class consumes the lion’s share of the wealth that we are collectively creating as a nation.”
Despite claims the U.S. is enjoying a booming economy, average Americans are struggling to make ends meet, Sen. Sanders said:
“In the midst of a so-called ‘booming economy,’ real wages for the average worker have barely risen at all. And, despite an explosion in technology and worker productivity, the average wage of the American worker, in real dollars, is no higher than it was 46 years ago and millions of people in our country today are forced to work two or three jobs just to survive.”