Find Out How Gasoline Gets to Your Tank. The Rise of the Permanent Temp Economy. Politicians across the political spectrum herald “job creation,” but frightfully few of them talk about what kinds of jobs are being created.
Yet this clearly matters: According to the Census Bureau, one-third of adults who live in poverty are working but do not earn enough to support themselves and their families. A quarter of jobs in America pay below the federal poverty line for a family of four ($23,050). Not only are many jobs low-wage, they are also temporary and insecure. What Were They Thinking? - Francis Fukuyama & Seth Colby. The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood.
—John Maynard Keynes As the dust begins to settle from the current global economic crisis, one of the issues we need to confront is the role of academic economists in promoting ideas that in retrospect were both wrong and dangerous. Economists pride themselves on being simultaneously the most sophisticated social science theorists as well as the most rigorously empirical of the bunch.