John Richmond (@johnprichmond.bsky.social)

250 Years In. America's Economic Crisis Just Got Worse. On this America 250 episode, we look past the fireworks to ask a harder question: why do so many of the same economic pressures from 50 years ago—inflation, energy costs, and retirement insecurity—still define working life today? We explore stagnant wages, declining household wealth, rising debt, and falling labor-force participation, and what they reveal about long-term structural instability in the U.S. economy. We also examine the gap between political messaging and economic reality, including claims about manufacturing growth versus independent data on factory construction, tariffs, and job losses in industry. Finally, the episode turns to the future of American politics, featuring perspectives from Jay Jacobs, Zohran Mamdani, and analyst John Judis on whether the center-left is moving toward a more explicitly democratic socialist identity. At its core: if America has created unprecedented wealth, why hasn’t it translated into lasting economic security for most working families? https://www.laborforcepodcast.com/e/250-years-in-americas-economic-crisis-just-got-worse/