Anti-Wage-Slavery, Pro-Freedom Quotations Of The Week 664-665

After more than a quarter-century as a professional economist, I have a confession to make: There is a lot I don’t know about the economy.
If You Have the Answers, Tell Me
By N. GREGORY MANKIW
New York Times
Published: May 7, 2011
N. Gregory Mankiw is a professor of economics at Harvard.


 

What's disappearing is the middle, the decent-paying jobs that helped expand the American middle class in the mid-twentieth century and that, if the present lopsided recovery is any indication, are now going the way of typewriters and landline telephones.

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What's causing this polarization? An obvious culprit is technology.
How the McEconomy Bombed the American Worker
The Hollowing Out of the Middle Class
By Andy Kroll
TomDispatch.com