Week in Review
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  • Jobs are always a problem in any recession.

    The real problem for the next generation and the one after that is the problem of wages for the bottom four-fifths of the working population. Trade, immigration, and automation are all driving their real wages down, to which I suppose we should add the spiraling costs of healthcare for which they get too little in return. Unless we address all four of these factors the ideal of a middle-class democracy is bound to erode.

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