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http://www.newyorker.com/magazine/2003/07/07/what-ails-us http://www.newyorker.com/magazine/2003/07/07/what-ails-us "There are really two American economies: o
by thanatropism 11y ago
http://www.newyorker.com/magazine/2003/07/07/what-ails-us http://www.newyorker.com/magazine/2003/07/07/what-ails-us
"There are really two American economies: one that’s getting more productive and one that’s not. In the first—the economy of Dell, Toyota, and Wal-Mart—consumers have grown accustomed to paying less for more. In the second—the economy of Harvard, the Yankees, and Bob’s Body Shop—they pay more for the same. The first economy has policymakers worried about deflation. The second has consumers worried about paying their bills."