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Stiglitz: The View Behind Job "Growth" And The Sucking Sound Of "The 1%"

January 14, 2014, 6:31 am
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"A disproportionate share of the jobs now being created are low-paying - so much so that median incomes (those in the middle) continue to decline. For most Americans, there is no recovery, with 95% of the gains going to the top 1%...America's new problem is long-term unemployment, which affects nearly 40% of those without jobs, compounded by one of the poorest unemployment-insurance systems among advanced countries, with benefits normally expiring after 26 weeks." Joseph E. Stiglitz in Project Syndicate.


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