Economics

A local economist whose views I respect wrote an article for today’s Sunday paper saying that there need not be so much gloom over the “giant sucking sound” of jobs being offshored from America. He says that the US also imports jobs; foreign companies—most notably the Japanese auto companies—have built plants here and created a lot of good jobs. He ...

Optimism about The Economy…sort of.

So what’s this global sourcing of knowledge worders (see part 1) mean for ACS? Well, my experience is that the ACS is pretty much a middle class institution, so the closer the death-of-the-middle-class scenario plays out the more significant the impact. Our income and our volunteer resource comes from discretionary time and money. If sustaining a middle class lifestyle is ...

The article circulated last week, “The Digital Death Rattle of the American Middle Class: A Cautionary Tale,” really cranked-up the alarm about the possibility of the economic underpinnings of US society being knocked out by low cost information labor in countries around the world. I mean, death of the middle class? That’s the most dire and dour interpretation I’ve seen ...