Category Archives: US Economy

Labor Saving Technologies and the Demise of the Working Class

Introduction The US economy is growing at a healthy pace and unemployment is low. But behind these healthy signs, a large portion of the working class is not doing well. These problems are highlighted in a new study co-authored by … Continue reading

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The Growing Global Threat of Labor-Saving Automation

Background There is a sense, perpetrated by the American President and others, that US job losses are primarily the result of Chinese currency manipulations and its low-cost labor. Certainly some US jobs were lost that way. But as I and … Continue reading

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Speculation on Trump and the Future of the Democratic Party

Introduction As I have noted, the election was a real wakeup call for the Democratic Party: its message to the working class, their traditional support base, did not sell. To address what the party should do going forward, I have … Continue reading

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Obama vs. Romney: Does It Really Matter?

Introduction The election is coming. Does it really matter who wins? After all, neither candidate will take away my Medicare or Social Security. And for younger people, well, when I was younger, I had no idea what Medicare and Social … Continue reading

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