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Dustin LindenSmith

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Tag: lewis lapham

Lewis Lapham on the job situation in the US (ca. 2010)

Posted on Sun May 8th 2011Sun Feb 5th 2012 by Dustin

During Ronald Reagan’s terms as president, the percentage of GDP accounted for by manufacturing fell from 21% to 14%, and the percentage accounted for by finance rose from 14% to 21%. As between compensations awarded to the high-end and the low-end, the differential at last count in 2009 stood at 263 to 1.

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