Tag Archives: Productivity

You Call This a Middle Class?

You Call This a Middle Class?
The Bureau of Labor Statistics conducted a study of workers who were laid off during the Great Recession and found a new job. More than half are earning less money. During the recession, wage growth dropped from 3.5 percent a year to 1.5 percent, and has been stuck there ever since. The economic upheaval that began in 2007 was not a recession. It was a reordering. Employers used the downturn as an opportunity to ratchet down wages, which are ... Read more

Sustainability Squared

Sustainability Squared
Imagine a world in which all people enjoyed a decent modern lifestyle without unduly degrading the natural resources on which future generations will depend. In such a world, people would live healthy, safe, well-educated lives, with ample opportunity to do productive and rewarding work, in a democratic, egalitarian society. How can everyone—including residents of impoverished developing countries—enjoy such a lifestyle without wrecking the ... Read more