The Social Fabric of America Is Eroding

Our nation, today, faces very real economic challenges. Economic growth during the recovery has been meager and uneven.

The U.S. economy has become less dynamic and innovative in recent decades. We miss the strong productivity growth America enjoyed in the mid-20th century and the unusually large wage gains it brought.

However, in historical and comparative perspective, most Americans enjoy unprecedented material living standards. Our economic problems often take the form of unsatisfactory rates of improvement—we are growing richer less quickly than we did when we were poorer.

Nevertheless, many Americans—poor, middle class and wealthy—feel that something is amiss. It is a feeling that cannot be reduced to economic anxiety. Rather, there is a sense that our social fabric is fraying.

Source: The Social Fabric of America Is Eroding

Advertisements
Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s