To the Editor:

In the U.S., we have a problem. Over the past decade, most of our families have been spinning their wheels. The median household income, adjusted for inflation, has grown by just 1.5 percent, $839, since the beginning of the Great Recession. Over the same period, the total annual economic output of the U.S. has grown10 times that rate. The gains are even more impressive on the stock market, which has climbed about 40 percent, also adjusted for inflation.

The experience of the past decade shows very clearly that trying to satisfy the economic strains on the middle and…

December 6, 2017