May 10, 2012

THE eND OF hISTORY DOESN'T PROMISE HAPPINESS:

The Structural Revolution (DAVID BROOKS, 5/07/12, NY Times)

There are several overlapping structural problems. First, there are those surrounding globalization and technological change. Hyperefficient globalized companies need fewer workers. As a result, unemployment rises, superstar salaries surge while lower-skilled wages stagnate, the middle gets hollowed out and inequality grows.

It's difficult to take the hysterics and pessimists seriously when the two major problems of modern life are that we need less and less labor to produce more and more wealth and that one of the side effects is we have so much to eat we've gotten heavier than we used to be. 
Posted by at May 10, 2012 5:44 AM
  

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