The Two Economies

The Rich Have Recovered—the Country Hasn’t

In early January, walking in midtown Manhattan on a bitter-cold morning, I saw a crowd of people standing on the sidewalk about four abreast, in a line that stretched almost around the block—I guessed two thousand people, maybe more. They seemed to be all ages, from teens to oldsters, and all backgrounds, white, black, Hispanic, Pacific Rim, South Asian. I asked a man in the line what it was for. He said, “A hotel is hiring.” Ah.

The next Sunday, the New York Times Real...

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About the Author

Charles R. Morris, a Commonweal columnist, is the author of The Two Trillion Dollar Meltdown (Public Affairs), among other books, and is a fellow at the Century Foundation.