Wednesday, October 24, 2012

Leonhardt on A1

The lead article in Wednesday's NYT is David Leonhardt's "Living Standards In the Shadows As Election Issue." And it's really quite impressive. I imagine some critics will say this is advocacy, this is trying to push in an issue into the dialogue that's not there, this isn't just reporting on what's going on. Whatever. This is the real deal.

Also, this paragraph:
One of the more striking recent developments in economics has been economists’ growing acceptance of the idea that globalization has held down pay for a large swath of workers. The public has long accepted the idea, but economists resisted it, pointing to the long-term benefits of trade. “That is starting to change only in the face of very strong evidence over the past decade,” said Edward Alden of the Council on Foreign Relations.


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