The Dangerfield Economy
July 11, 2006
Why is there so much talk about our failing economy, mostly coming from Congress and the media, when the eyeballs at the Wall Street Journal see it so differently? Who to believe?
WSJ.com - Good Jobs at Good Wages
I wonder if part of the reason is that the gap between those near the bottom of the economic ladder and those near the top is widening. Pundits with populist leanings can find ample grist for their sky-is-falling mill. The business and financial community sees mostly the middle to upper part of the economy and concludes that there are good jobs at good wages.
The balanced view would seem to involve awareness of both viewpoints.
Dave, pontificating a bit again.
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