Saturday, October 6, 2012

Of The 1%, For The 1%

This review of Columbia professor Joseph Stiglitz's new book, The Price of Inequality, explains why productivity, which used to climb during recessions, now has dropped during this one:  companies used to keep their workers as a hedge against economic improvement, but are now laying off more workers [as anyone can see if he's ever tried to find sales help in a large store].

No comments:

Post a Comment