May 8, 2012

A DISTRIBUTION QUESTION, NOT A JOBS PROBLEM:

The Answer Isn't Socialism (Robert Reich, MAY 6, 2012)

The world's productivity revolution is outpacing the political will of rich societies to fairly distribute its benefits. The result is widening inequality coupled with slow growth and stubbornly high unemployment.

In the United States, almost all the gains from productivity growth have been going to the top 1 percent, and the percent of the working-age population with jobs is now lower than it's been in more than thirty years (before the vast majority of women moved into paid work).

From a historical perspective, the astonishing thing is the number of do nothing jobs we added in order to get women and minorities into the workplace during exactly the same period that technology and global economic liberalization was producing the productivity boom.  

Posted by at May 8, 2012 5:17 AM
  

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