|
Technology and the shrinking middle class
Saturday, September 22nd, 2012
Sep. 20 2012
The revolution Mr. Milner describes is part of a sea change in how the economies of Western industrialized nations work – and one that is hollowing out the middle class.
Mr. Milner’s focus is on what he calls the three big “stories” in business innovation: “platform,” “free” and “e-commerce.”… the biggest impact of the e-commerce revolution… won’t be on the number of jobs in the economy; it will be on how well they pay.
Tags: economy, globalization, participation, poverty, standard of living, youth
Posted in Debates | 1 Comment »
‘China Syndrome’ rears head in coming U.S. election
Friday, February 3rd, 2012
Feb. 02, 2012
The truth is we are no longer living in “one nation under God” – we are living in one world under God. Globalization is working – the world over all is getting richer. But a lot of the costs of that transition are being borne by specific groups of workers in the developed West… The irony today is that the real internationalists are no longer the bleeding-heart liberals, they are the cutthroat titans of capital… Smart policy, however, can make a big difference… Americans might want to study how Germany has turned the China Syndrome to the benefit of both its chief executives and its blue-collar workers.
Tags: economy, globalization, standard of living
Posted in Policy Context | No Comments »
Immigration undergoes a sea change
Friday, October 7th, 2011
Oct. 06, 2011
“We had the globalization of trade, we had the globalization of capital, and now we have the globalization of talent.”… “Increasingly, immigrants who live elsewhere are being viewed as assets… This is a paradigm shift… The notion of brain drain is ridiculed – instead, it is ‘brain circulation.’ The notion is that people can return as tourists, that people can be ambassadors for their home countries, that people can serve as business agents.”
Tags: economy, globalization, immigration, standard of living
Posted in Policy Context | No Comments »
Global capitalism leaving U.S. middle class behind
Saturday, April 16th, 2011
Apr. 15, 2011
Globalization and the technology revolution are increasing productivity and prosperity. But those rewards are unevenly shared – they are going to the people at the top in the United States, and enriching emerging economies over all. But the American middle class is losing out… “Multinational companies,” he said, “are doing exactly what one would expect them to do. The resulting efficiency of the global system is high and rising. So there is no market failure.”
Tags: economy, globalization, ideology, standard of living
Posted in Delivery System | 1 Comment »
Recent Comments