Mobs, Messiahs, and Markets

Notes

¹Thomas L. Friedman, The World Is Flat (New York: Anchor, 2000).

²Stephen Roach, “Globalization's New Underclass,” Asia Times, April 26, 2006. See also Roach, “Back to the Drawing Board,” Japan Focus, July 8, 2005, www.japanfocus.org.

³As to the ratio of CEO to worker pay, it is around 61:1 and 23:1 in America's neighbors, Mexico and Canada; 36:1 in rival China; 20:1 in Germany; and a mere 11:1 in Japan. But in the United States it is 411:1—Towers Perrin and the Institute for Policy Studies, Rich Clabaugh, cited in Mark Trumbull, “America's CEO Pay May Soon Face Squeeze,” Christian Science Monitor, January 4, 2007.

⁴David H. Autor and Mark G. Duggan, “The Growth in the Social Security Disability Rolls: A Fiscal Crisis Unfolding,” Journal of Economic Perspectives 20, no. 3, (Summer 2006): 79, http://econ-www.mit.edu/faculty/download_pdf.php?id=1461.

⁵David Streitfeld, “The Jobless Count Skips Millions: The Rate Hits 9.7% When the Underemployed and Those Who Have Given Up the Hunt Are Added,” Los Angeles Times, December 29, 2003.

⁶Ibid.

⁷Nell Henderson, “Payroll Growth Slows Dramatically in July,” Washington Post, August 6, 2004. See also “U.S. Unemployment Rate Tops E.U.,” www.thinkandask.com/news/jobs.html.

⁸Nell Henderson, “Unemployment Rate Falls to 5.7%,” Washington Post, January 9, 2004.

⁹“Augmented Employment Rate,” http://bigpicture.typepad.com/comments/2004/01/augmented_unemp.html. See also Paul Krugman, “So‐Called Boom,” New York Times, December 30, 2003.

¹⁰Thomas ...