"We middle-class Americans are in a funk. The overarching economic narrative of the campaign is the idea that life for the middle class has grown more difficult. More than half of Americans believe they either have not moved ahead in the past 5 years or have fallen behind. Such is the most downbeat assessment of personal progress in nearly half a century." Robert J. Samuelson wrote in his relevant article today.
"It is not that Americans have lost their optimism.: He said. "There is an underlying disenchantment that seems to predate today's higher oil prices, falling home values and declining employment." My comment: Elan,Yeah but Ennui,Nay!
"Almost all Americans consider themselves middle class. The prevalence of middle-class ambitions and values creates a vexing contradiction: The advances in living standards that Americans expect require a flexible and competitive economy that weakens the security and stability that Americans also expect.
My comment: It is a matter of priority as published in Econ. textbooks.
How to expect a flexible and competitive economy? We must invest in human resources i.e. to supply the demand of a changing society by having marketable skills as I sent my previous blogs.
Francis Shieh a.k.a. Xie Shihao, a student of humanistic economics on May 22, 2008
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