[lbo-talk] employment

Doug Henwood dhenwood at panix.com
Fri Sep 5 11:25:39 PDT 2003


Brad DeLong wrote:


>Say, rather, that those with unearned incomes or secure job tenures
>on the one hand, and those who lose or fear that they will lose
>their jobs on the other hand, are becoming two nations between whom
>there is no intercourse and no sympathy

So we're back to Reich's secessionist fifth? But the number with unearned incomes is very small (and with interest rates this low, their incomes are smaller than they've been). And those with secure job tenure are - tenured professors, and...? I think the numerical threat of offshoring white collar and tech labor is probably quite a bit smaller than the psychological fear of it, but it's got a lot of people afraid. So it's probably more like a secessionist twentieth at this point.

Doug



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