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Old 03-21-2004, 04:57 PM   #4337
Skeks in the city
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Join Date: Oct 2003
Posts: 721
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Originally posted by bilmore

Quote:
From the Economist:

"Anxiety is turning to paranoia about jobs. Take a deep breath: most Americans have rarely had it better."

http://www.economist.com/world/na/Pr...ory_ID=2501977
That's irrelevant. You and club don't understand that people are envious and in fact are so envious that they are willing to trade a lower absolute standard of living for less disparity in society's distribution of wealth and income. You both also don't understand that people are loss averse and are so loss averse that they are willing to trade less risk in the job market for less economic growth.
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