Archive for August 29th, 2011

Monday Media Blogging

This is why we watch Iron Chef.


Wow.

August 29th, 2011 at 11:38am Posted by Eli

Entry Filed under: Monday Media Blogging

Multipliers

Very good, long story in this week’s NYT Magazine about the decline of manufacturing in the US.  There’s a lot of interesting stuff in there about lithium-ion batteries and the future of the electric car business, but the biggest takeaway for me is that because “industrial policy” is a dirty word, we now have an economy structured around industries like software and finance that don’t employ nearly as many people as manufacturing, so that even if GDP does start growing, it won’t translate into nearly as many jobs as it should.

It’s kind of like basing a stimulus plan on tax cuts for the rich, in other words.  Or basing an election campaign on appealing to independent voters instead of the base.

1 comment August 29th, 2011 at 07:40am Posted by Eli

Entry Filed under: Economy,Unemployment


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