Doyle McManus: Hagel trip shows Asia pivot still on
Doyle McManus, Los Angeles Times
Posted: Sunday, October 27, 2013 12:00 am
Imagine a future in which real wages for most workers decline year after year; a future in which middle-class jobs that disappeared in the Great Recession won’t be coming back; a future in which young Americans either squeeze into an increasingly wealthy elite or tumble to the bottom, with fewer and fewer in what we once called the middle class.
Actually, that’s a description of the present. The future looks even bleaker, according to libertarian economist Tyler Cowen.
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Sunday, October 27, 2013 12:00 am.