Why we have a wage inequality problem
Wage inequality is really a sign of a deeper problem; basically it reflects an economic system that is not growing rapidly enough to satisfy everyone.
Wage inequality is really a sign of a deeper problem; basically it reflects an economic system that is not growing rapidly enough to satisfy everyone.
In times of economic stress, xenophobic themes grow more important in popular discourse and often lead to acute strife. Neighbors turn against neighbors. Countries become more protectionist. Legal freedom of movement across frontiers becomes more difficult. There is a considerable increase in violence of all kinds.
Mass migrations, or more specifically mass culture replacement, is one of the more troubling aspects of peak energy.
A little over two years ago, we sold our house in Lexington, Kentucky to come back and settle in India. Me and my husband had spent seven and eleven years respectively in the United States and after years of confusion, vacillation, and endless planning, we finally decided to make the big move. Our compulsion to leave the United States was very strong, but our feelings were mixed. We had missed family and the surroundings familiar to us terribly the whole time we were in the United States, but so many years can hardly be just an interim—it is real time, and bound to be significant in certain ways.
The topic of last week’s post, the likely fate of Israel in the twilight years of American empire, makes a good example of more than one common theme. As I commented in that earlier discussion, Israel is one of several American client states for whom the end of our empire will also be the end of the line. At the same time, it also highlights a major source of international tension that bids fair to bring in a bumper crop of conflict in the decades before us.