|
PureBytes Links
Trading Reference Links
|
At 09:47 AM 3/9/2004, EarlA wrote:
That essay about says it all and
Krugman quoting Business Week is most interesting. Thank you.
Earl
This
essay by Paul Krugman
()
seems apropos of your
thoughts.
The essay is interesting but my impression is that the raw figures might
hide the growing dichotomy in the population.
I am traveling and happened to be in Salinas, California this week. From
here you clearly get the feeling that there are two economic classes -
the "upper class" of people who have been here for generations
and the "lower class" who are mostly Hispanic people who are
recent immigrants or children of immigrants that barely speak
English.
True, the low paying jobs are mostly held by the "lower class"
but they are very happy to have the jobs and are fighting to get their
relatives into America, which they view as their "land of
opportunity".
Everything is relative. When you have almost nothing, a low-paying job
and a decent small house with decent schools for your kids seems like
utopia.
Perhaps this is more like the era when the Irish came to America. It took
several generations for them to be assimilated into the middle and upper
classes.
Bob Fulks
Yahoo! Groups Links
To visit your group on the web, go to:http://groups.yahoo.com/group/realtraders/
To unsubscribe from this group, send an email to:realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|