The thin economy
Do read Kevin Drum's post on the economy today. Drum says:
These anecdotes all point to the thing that bothers me the most about the direction of our economy: there are too many trends that are squeezing the wages of traditional working-class and middle-class workers.
It's a very important point. Granted, some people are picking up on it very well, but it can't be emphasized enough. Loser deals for the American middle class are only increasing and we have to do something about it. Indeed, there are many forces beyond our control at play, and the middle class is inevitably going to take some hits as the phenomenon of white-collar third world outsourcing stabilizes. But that doesn't mean we can't do anything about it. The regression of the American middle class should be priority one for every politician in the country.
These anecdotes all point to the thing that bothers me the most about the direction of our economy: there are too many trends that are squeezing the wages of traditional working-class and middle-class workers.
It's a very important point. Granted, some people are picking up on it very well, but it can't be emphasized enough. Loser deals for the American middle class are only increasing and we have to do something about it. Indeed, there are many forces beyond our control at play, and the middle class is inevitably going to take some hits as the phenomenon of white-collar third world outsourcing stabilizes. But that doesn't mean we can't do anything about it. The regression of the American middle class should be priority one for every politician in the country.
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