Comment on Reich's Pessimism
Where did Reich's optimism go? To begin with the unemployment figure will drop by next Nov. because the stimulus will kick in more. Of course, I would rather see a greater share of employment go to serious manufacturing jobs, but that will not happen anymore since we are so damnably attached to foreign made gadgets. Still--no matter how sad symbolically--an increase in hiring at Kmart, Wallmart, and Burger King will help the deceptive figure of unemployment, which for too long, whether low or high, has been an icon for poor quality jobs.