There may not be one we can run to, but there is certainly one we can build....
Cheers, Lawry On Jun 19, 2012, at 9:01 AM, Ray Harrell wrote: > Too bad there is not a new world we can run to. > > REH > > From: [email protected] > [mailto:[email protected]] On Behalf Of Ed Weick > Sent: Tuesday, June 19, 2012 7:45 AM > To: 'RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION'; > [email protected] > Subject: [Futurework] Gloomy America > > Worth reading, but brace yourselves, it's gloomy. > > Ed > > http://www.nytimes.com/2012/06/19/us/many-american-workers-are-underemployed-and-underpaid.html?_r=1&hp > Sample: > > Now, with the economy shaping up as the central issue of the presidential > election, both President Obama and Mitt Romney have been relentlessly trying > to make the case that their policies would bring prosperity back. The unease > of voters is striking: in a New York Times/CBS News poll in April, half of > the respondents said they thought the next generation of Americans would be > worse off, while only about a quarter said it would have a better future. > > And household wealth is dropping. The Federal Reserve reported last week that > the economic crisis left the median American family in 2010 with no more > wealth than in the early 1990s, wiping away two decades of gains. With stocks > too risky for many small investors and savings accounts paying little > interest, building up a nest egg is a challenge even for those who can afford > to sock away some of their money. > > Expenses like putting a child through college — where tuition has been rising > faster than inflation or wages — can be a daunting task. When Morgan > Woodward, 21, began her freshman year at the University of California, > Berkeley, three years ago, her parents paid about $9,000 a year in tuition > and fees. Now they pay closer to $13,000, and they are bracing for the > possibility of another jump next year. With their incomes flat, though, they > recently borrowed money to pay for her final year, and to begin paying the > tuition of their son, who plans to start college this fall. > > _______________________________________________ > Futurework mailing list > [email protected] > https://lists.uwaterloo.ca/mailman/listinfo/futurework
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