A very good piece from Eduardo Porter of the New York Times:
“Their economic
discontent — born of the mismatch between expectations based on an earlier
America, where plenty of blue-collar jobs offered a decent standard of living,
and the more cutthroat reality they face today — can seem intractable, too.
“It’s not clear what public policy can do for someone who was expecting his income to grow from $50,000 to $80,000 but instead saw it stagnate at $50,000,” said Lawrence Katz, a Harvard economist.”
“It’s not clear what public policy can do for someone who was expecting his income to grow from $50,000 to $80,000 but instead saw it stagnate at $50,000,” said Lawrence Katz, a Harvard economist.”