Seattle & Henwood

Doug Henwood dhenwood at panix.com
Mon Dec 6 13:09:03 PST 1999


Yoshie Furuhashi wrote:


>I just happened to be reading "The Nation Indicators" by Doug in the Dec.
>6, 1999 issue of _The Nation_ today. The article & graphs show that, in
>very recent years, unemployment has gone down and average weekly earnings
>have gone up while the gap between rich and poor has further widened in the
>USA. Isn't this mix the most likely recipe for an upsurge in left-wing
>activism?

Yes. I think the worst mix is that of moderately high unemployment, which scares people a bit. Very high unemployment means they have nothing to lose by rebelling. This is part of what Alan Greenspan has in mind when he worries about "the pool of available workers" running dry.

Doug



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