Re: something completely different...

[dhenwood@xxxxxxxxx (Doug Henwood)]

At 4:41 PM 5/28/96, Jeffrey Booth wrote:

>                What do you think of Lester Thurow?  Did you know he has
>a weekly (?) column in the boston Globe business section.  Today's column
>is about how in the Presidential campaign, Clinton and Dole are ignoring the
>issue of falling wages.  And how the Clinton admin. is fiddling with the
>stat.s on wages.
>
>        Thurow ends the column like this:  "Put simply, falling real
>wages aren't going to be an issue in this fall's presidential campaign
>*unless those whose wages are falling insist they won't vote for either
>of the candidates* unless they have an answer to the central economic
>issue facing them."  (my emphasis)
>
>        Does he read LBO?  Is he in Labor Party Advocates?

Not that I know of to either question. Thurow is an interesting guy. Back
in the 1970s he used to consort with radicals, and even wrote some
quasi-radical stuff himself. He went more mainstream in the 1980s, touting
Japanese industrial policy as a model, but seems to have an obsession now
with inequality and wage stagnation. He's still quite pro-capitalist, of
course, but for a bourgeois, he asks some pretty sharp questions.

Doug

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Doug Henwood
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