Our New Reality
by Luis Taveras MBA, MS on Jul 28, 2013
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Dear Readers, ...
I am delighted to share with you my most recent article. The best way to summarize it is by sharing these quotes with you from The New Geography of Jobs by Enrico Moretti in order to guide you better. The unfortunate thing is that not everyone is prepared to embrace the changes that are engulfing this wonderful nation. I hope you enjoy reading this article as much as I enjoyed writing it.
These quotes are a great segway into my article.
“On the surface it seems we have good reason to be worried. Middle class salaries are declining. Good jobs are scarce. Take the typical forty-year-old male worker with a high school education: today his hourly wage is 8% lower than his father’s was in 1980, adjusted for inflation. This means that for the first time in recent America history, the average worker has not experienced an improvement in standard of living compared to the previous generation. In fact he is worse off by almost every measure. On top of this, income inequality is widening. Uncertainty about the future is now endemic.”
“Over the past half century the United States has shifted from an economy centered on producing physical goods to one centered on innovation and knowledge.”
See you soon,
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