Though the decline of well-paid working class jobs is often portrayed as the inevitable consequence of globalization and technological change, it is in large part the result of a failure of government.
Eduardo Porter, New York Times / Tampa Bay Times
Journalism with real independence and integrity is a rare thing. All reader supported Evergreene Digest relies - exclusively!- on reader donations. Click on the donation button above to make a contribution and support our work.
Construction on the $650 million St. Croix River Crossing bridge that will connect Oak Park Heights, Minn., and St. Joseph, Wis. Investing in the nation’s crumbling infrastructure is one way to bolster the economy. New York Times
Friday, May 13, 2016 | America has been here before.
At the dawn of the 20th century, the economy was already well into a fundamental transformation of the labor force, as industry replaced farming and crafts as the primary source of new jobs. The shift was painful, spawning protest movements and political forces like progressivism. But the United States emerged from the turmoil far more prosperous and powerful.
Notably, the jobs of the new industrial economy were generally more productive and better paid than the jobs it left behind.
Eduardo Porter writes the Economic Scene column for the New York Times. Formerly he was a member of The Times’ editorial board, where he wrote about business, economics, and a mix of other matters.
Full story …