Wednesday, February 16, 2011

Two Points

David Brooks makes some up a bunch of people and concludes that the reason there is so little economic growth, which isn't true, is that
[d]uring these years, commencement speakers have urged students to seek meaning and not money. Many people, it turns out, were listening.
That's right the millions un- and underemployed are seeking millions while the fewer and richer whose riches are derived from greater productivity, which is another way of saying fewer workers working harder abetted by robots, are the result of a post-materialist society not an insane system of wealth distribution.

What's the solution? It ain't fairy tales about low hanging fruit, that's for sure.



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