Tuesday, February 21, 2017

A Paragraph to Ponder

From the David Brooks column in the New York Times:
 
"Slow growth strains everything else — meaning less opportunity, less optimism and more of the sort of zero-sum, grab-what-you-can thinking that Donald Trump specializes in. The slowdown has devastated American workers. Between 1985 and 2000, the total hours of paid work in America increased by 35 percent. Over the next 15 years, they increased by only 4 percent.
 
For every one American man aged 25 to 55 looking for work, there are three who have dropped out of the labor force. If Americans were working at the same rates they were when this century started, over 10 million more people would have jobs. As Eberstadt puts it, “The plain fact is that 21st-century America has witnessed a dreadful collapse of work.”"

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