“I just don’t think that as a country we’ve conceptualized that this is not our father’s or our grandfather’s economy,” Mr. Stern said in an interview. “We’re going through profound change and we have no plan.”
The feeling that seems to override all others for workers is anxiety. American families, already saddled with enormous debt, are trying to make it in an environment in which employment is becoming increasingly contingent and subject to worldwide competition. Health insurance, unaffordable for millions, is a huge problem. And guaranteed pensions are going the way of typewriter ribbons and carbon paper.
“We’re ending defined benefit pensions in front of our eyes,” said Mr. Stern. “I’d say today’s retirement plan for young workers is: ‘I’m going to work until I die.’ ”
Unless you inherit a nice trust fund, my daughter's soon to be obtained college degree will only increase her debt. We as a national are in a bad place.
When this is articulated by the liberal community, the Repugs scream that we are pessimistic. If you go to work everyday and do not fear for your job or benefits, this is not a issue.
Our true concerns should be the shaky economy not the portrait Guiliani and Bush continue to paint. One week of money currently being dumped into Iraq could be spent on affordable education and a sane health care delivery system.
We all should pay attention to Labor Day.