Jared Bernstein, has a stagnitis diagnosis.

Inequality’s Roots: Beyond Technology

Larry Mishel of the Economic Policy Institute and his colleagues have been on this research beat for a while: As Mr. Porter noted: Mr. Mishel’s preferred explanation of inequality’s rise is institutional: a shrinking minimum wage cut into the earnings of the nation’s least-skilled workers while falling trade barriers, deregulation and the decline of labor unions eroded the income of the middle class. The rise of the top 1 percent, he believes, is mostly about executive pay and the growing footprint of finance.

Ok, I mean lets conect inequality with secular stagnation. Larry Summers says its OK, so OK?

So we have weak unionism in the face of globalization and the wealthy tax breaks make for stagnitis. How can we test this? This is also the Dean Baker theory. The Robert Reich theory is that we got stagnitis from becoming TV dumb. Great theories. Let see if we can test them.