The economy’s getting better, and it still stinks.
It will get even better, and it will continue to stink.
It can get to the point where bankers and waiters, stock brokers and carpenters, Arnold Schwartzenegger and Andy Stern will join hands and sing “Happy Days Are Here Again,” and it will still stink.
And that’s because the economy has come to depend on two contradictory, stinking processes.
The first is that most American workers have to be paid shit to do jobs they hate but are terrified of losing with minimal benefits and no hope of raises or bonuses or advancement or a secure retirement.
The second is that American consumers have to spend more and more every year not just on the goods and services they need but on useless crap they don’t need, don’t really want, and can’t really afford.
Go and read.
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