The people responsible for hiring and firing people have been firing them at a decent clip and not hiring them at a slightly faster pace. The people responsible for getting or giving wages and dividing wealth have, for some time now, decided that fewer people with preposterously large incomes and ridiculous levels of wealth is better than seeing to it the vast majority of Americans have decent wages and any wealth.
Matthew Yglesias
thinks that this if "fine."
And then asks, what he sees as,
[t]he real question is: Why are policymakers satisfied with FINE?
Two points: The economy isn't fine; after 30 odd years of Yglesias' Neoliberalism it's broken. Policy makers are doing the wrong thing because right now Neoliberalism reigns supreme.
If he actually wanted to fix the problem, he attack Neoliberalism and admit that it broke the world in the first place.
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