Michael R. Strain

“Workers are delivering more, and they’re getting a lot less,” argued former Vice President Joe Biden in a speech at the Brookings Institution this summer. “There’s no correlation now between productivity and wages.” Senator Elizabeth Warren, a Democratic presidential rival, agrees. Her campaign…

Populism has become a defining feature of public life. It embraces a narrative of victimhood and grievance, pitting “people” against “elites.” US President Donald Trump’s protectionism and hostility toward immigrants are fueled by populist frustration on the political right. On the left, populism…