The US strives to provide equal opportunity for all individuals, but does not guarantee equal economic outcomes, explained US Federal Reserve Chairman Ben Bernanke in a recent speech. Still, new competition or inventions like the computer can make some workers’ skills obsolete, warns Benanke, and if the nation does not provide a support system for such workers, thus limiting some of the risks, then the public would fear a dynamic economy and innovations that result. The US has improved its standard of living in recent decades; incomes have increased, but more so for the top income earners than the poorest.
February 24, 2007
Bernanke's Globalization Inspired Call for Action
The US strives to provide equal opportunity for all individuals, but does not guarantee equal economic outcomes, explained US Federal Reserve Chairman Ben Bernanke in a recent speech. Still, new competition or inventions like the computer can make some workers’ skills obsolete, warns Benanke, and if the nation does not provide a support system for such workers, thus limiting some of the risks, then the public would fear a dynamic economy and innovations that result. The US has improved its standard of living in recent decades; incomes have increased, but more so for the top income earners than the poorest.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment