11–20 of 52 posts
Earlier quoted context omitted.
It's extremely long? Maybe I'm a bit older than most readers here (I'm 38), but has the average readers attention span shrunk that much? Nuance cannot always come in bite-sized chunks. BTW, I read the article (on a plane - the print edition, no less) - it's worth the time.
What's this "print" you mention?
It's a very good magazine.
I'm old and generally pessimistic. But I've seen enough recessions to know that when you've read the seventeenth article about the never-ending bottom (as I did during the reagan era, during the early 90s when Germany and Japan were going to destroy the US economy, and post dotcom collapse), I can't help but think it's time that the pundits will all be contradicted on the upside. Just like they were on the downside.…
There's still a good chance that you're right, but that chance is much smaller than it would've been had you said the same thing in the 80's.
Earlier quoted context omitted.
that was my first reaction, but this article is extremely long. wishing there was a "tl;dr;" section so i could figure out the conclusion in a sentence or two. bookmarked it for now, will come back to it.
It's extremely long? Maybe I'm a bit older than most readers here (I'm 38), but has the average readers attention span shrunk that much? Nuance cannot always come in bite-sized chunks. BTW, I read the article (on a plane - the print edition, no less) - it's worth the time.
Earlier quoted context omitted.
This too will pass. On the other hand, for certain groups the last thirty to forty years have been a long, slow slide from the top of the economic heap to the bottom. Specifically, conditions for white men without college degrees have gone from great to exceedingly poor. It's had an enormous, perhaps defining impact on modern politics, and will continue to be one of the most important influences in the future.
My initial reaction to your comment is that specifically, conditions for white women with college degrees have gone from exceedingly poor to not too bad. Just saying.
Earlier quoted context omitted.
that was my first reaction, but this article is extremely long. wishing there was a "tl;dr;" section so i could figure out the conclusion in a sentence or two. bookmarked it for now, will come back to it.
It's extremely long? Maybe I'm a bit older than most readers here (I'm 38), but has the average readers attention span shrunk that much? Nuance cannot always come in bite-sized chunks. BTW, I read the article (on a plane - the print edition, no less) - it's worth the time.
Earlier quoted context omitted.
My initial reaction to your comment is that specifically, conditions for white women with college degrees have gone from exceedingly poor to not too bad. Just saying.
The Economist ran a cover story on precisely this phenomenon a few weeks back: http://www.economist.com/opinion/displaystory.cfm?story_id=1...
I'm old and generally pessimistic. But I've seen enough recessions to know that when you've read the seventeenth article about the never-ending bottom (as I did during the reagan era, during the early 90s when Germany and Japan were going to destroy the US economy, and post dotcom collapse), I can't help but think it's time that the pundits will all be contradicted on the upside. Just like they were on the downside.…
Amazon Mechanical Turk is one part of the picture, and it opens up the door to more. Anything that makes it cheaper to create work, hire employees/freelancers, or find jobs is valuable in this economy. Or ways for people to earn money besides the mainstream labor economy. Or something that can generate value from activities that people do with their idle time while they're unemployed - whether it's constructive like Wikipedia or entertaining like Farmville.
I'm old and generally pessimistic. But I've seen enough recessions to know that when you've read the seventeenth article about the never-ending bottom (as I did during the reagan era, during the early 90s when Germany and Japan were going to destroy the US economy, and post dotcom collapse), I can't help but think it's time that the pundits will all be contradicted on the upside. Just like they were on the downside.…
The point of the article is more that an entire generation is going to be scarred by this recession. The author cites research showing that people who enter the workforce during a recession never catch up the lost wages. They always lag behind their more fortunate peers.
