On Dec 24, 2008, at 6:18 PM, SA wrote:
> In his US News interview he also said there was a 1 in 3 chance of a
> Japan-like decade of stagnation. Japan is Japan, but I don't think
> the American polity/psyche could handle that without some deep
> adjustments.
I wonder about the comparisons. Average unemployment in the U.S. over the last 15 years has exceeded Japan's worst in the 1990s. Their poverty rate is lower than ours. Have average Japanese workers experienced 35 years of flat to declining real wages?
Doug