Creative Class

Jeff Madrick writes:

When wages don’t rise ordinary people borrow to keep their heads
above water, not because they’ve caught luxury fever. The foundation of
this economy became private debt …  But the genuine foundation of this economy is the people’s
education, their health, their transportation network, and, frankly,
their sense of fairness … When Wall Street bankers make so much by creating the conditions
that lead to crisis, does America have confidence the economy is
working right? They don’t. Do they have a sense it’s fair? No, because
it’s not.

This entry was posted on Tuesday, January 29th, 2008 at 1:27 pm and is filed under Wages, Income & Prosperity. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.