For the last 50 years, a college education almost guaranteed a secure job with a good salary and benefits; you wouldn’t have to endure the backbreaking labor of your first-generation parents working in factories, digging sewer ditches, or trying to eke a few hundred bucks a month out of a plot of land. But the […]
US economy
Posted inNews & Opinion
Feedback – 04-10-13
Austerity or jobs? The national mythology about the economy given by the mainstream media can be summarized as a discussion whose terms are “austerity” and … “austerity.” Not “versus full employment” or “jobs” but how much austerity, when, and for whom. We all need to share in the sacrifice… Riiight! The media choose to forget […]
Posted inNews & Opinion
Will economic decline stop with the middle class?
Even before the Great Recession hit in 2007, the middle class was getting squeezed. Business and political leaders have been portraying globalization as the Grim Reaper of US manufacturing jobs for years. And job losses that couldn’t be attributed to globalization were blamed on advances in technology. But Hedrick Smith says that globalization and technology […]
