Workers ruined US Economy by spending and then not working?


PGL at Econospeak points to this article in the NYT by Casey Mulligan.

Mark Thoma at Economist’s View picks up on the item as well, that the reasons for higher unemployment figures lay squarely on the shoulders of US workers.

Good discussion happens at these sites. It sure is a poke in the eye for Joe Sixpack…why not publish this before the election?

Anyway, this is the second article that makes little sense to me in the economic section of the NYT. The worker takes it on the chin for being lulled by the Chinese (and Japanese to be fairer).

bakho and Bruce Wilder make great comments, as well as Noni Mausa adding her penetrating questions. (Have to leave early on a family day trip, so this is short.)