In a lot of ways, 2016 was a big year for reducing inequality.
Five states raised their minimum wage through citizen-led ballot initiatives. A job-killing free trade agreement, the TPP, was blocked as a result of massive public demonstrations against it.
More recently, the city of Portland, Oregon passed the first ever municipal-level check on runaway CEO compensation, a tangible step several other cities and states will likely follow.
These were just a few of the many victories that those who care about reducing the gap between the richest and the rest of us can claim this year. They also point the way forward for how we might continue this pivotal work in the age of Trump.
Outgoing president Barack Obama once called the need to address rising income inequality the defining challenge of our time. History books will surely credit his administration for helping to lift the nation out of the worst recession in recent history (one driven largely by reckless Wall Street bankers), but much work remains.
A recent study, “The Fading American Dream,” shows that social mobility has been declining for decades. Kids born in 1940 had a 92 percent chance of earning more money than their parents. The odds for kids born 40 years later dropped down to 50-50 — a figure that continues to drop precipitously for millennials and children born today.