Future of the U.S. middle class

Paul Krugman, one of the sharpest guys around, recently gave a fantastic talk at the Commonwealth Club on the future of the middle class in the United States. Here’s a small fraction of his insight:

You see this dramatic increase in inequality.  The increase in inequality in the United States is unique to the United States.  Other advanced countries have not seen anything like it.  We are off the charts in terms this increase in inequality.  And many of the things we take for granted as ‘this is the way things work in the modern economy’ turn out to be special to the U.S.

This one liner is great:

I think a lot of rhetoric in the United States—political rhetoric—depends on the notion that Americans have no idea what life is like in other countries.

Watch the talk on FORA.tv.