Note: Jared Bernstein on "Outsourcing": Archive Entry From Brad DeLong's Webjournal
Very interesting posting from Bernstein. DeLong gives an uncharacteristically very weak response, but the comment threads are very interesting. Very much in line with what I've written about for years (mostly personal correspondences). Neo-feudalism beckons!
JK Galbraith junior has a related article in Salon pummeling the Economist. Alas, the Economist is not what it was 10 years ago. It's been infected by rejects from the WSJ.
It's good that we're starting on these topics. Again, I think we need to sever benefits from employment, have mandatory-contribution 529 like plans for use during periods of underemployment, subsidize education and retraining, initiate consumption taxation and estate taxes, etc. etc.