The labor market roared ahead in April as milder weather helped employers add 288,000 jobs — the most in more than two years. The unemployment rate fell to 6.3% from 6.7% — the lowest since September 2008, the Labor Department said Friday.
jelvision: “Do you see a closing of the gap or will it only get wider?”
robert reich: We’re coming close to a tipping point where, if income and wealth become any more concentrated at the top, the economy can’t function (the middle class and poor don’t have enough purchasing power) and our democracy can’t function (so much money corrupts it from the top that the majority of Americans give up on it). So we have no choice, realistically, but to reform the system — unless we want revolution.
Marcela Valdes examines “financial terror” in young adult lit, citing examples like the Hunger Games and Divergent as examples of books that depict financial insecurity as true horror. (“In recent years, realistic YA depictions of poverty and economic disparity have also turned much darker. The kinds of truly desperate characters that Little Women kept on the margins now often take center stage.”)