The Locust Economy
I was picking the brain of a restauranteur for insight into things like Groupon. He confirmed what we all understand in the abstract: that these deals are terrible for the businesses that offer them; that they draw in nomadic deal hunters from a vast surrounding region who are unlikely to ever return; that most deal-hunters carefully ensure that they spend just the deal amount or slightly more; that a badly designed offer can bankrupt a small business.
He added one little factoid I did not know: offering a Groupon deal is by now so strongly associated with a desperate, dying restaurant that professional food critics tend to write off any restaurant that offers one without even trying it. [more inside]
posted by the man of twists and turns
on Apr 11, 2013 -
"Liberals have not always been very good at communicating why liberalism works. There’s many reasons for this, but part of it is that it can be hard to defend the obvious from an absurd and deceptive attack. For half a century you had to be a crank to oppose what Roosevelt accomplished; liberals got out of the habit of arguing for their beliefs.
I hope this page will help. Liberals don’t need to apologize for their vision of how American society should work. Liberalism saved American capitalism and democracy, defeated Naziism, created a prosperous middle class, and benefited every sector of society, from the back streets to Wall Street. " Mefi's own Zompist (previously
) on Why Liberalism Works.
posted by The Whelk
on Sep 30, 2012 -
“You need a thousand rubber gaskets? That’s the factory next door. You need a million screws? That factory is a block away. You need that screw made a little bit different? It will take three hours.
” Charles Duhigg and Keith Bradsher of the NY Times give an in-depth report on Apple's migration of electronics manufacturing to Asia and its impact on middle class Americans.
posted by Blazecock Pileon
on Jan 21, 2012 -
"Little is changing modern India more than the spread of cars
, a four-wheeled reflection of its economic transformation and a window into the aspirations of the new Indian middle class."
posted by mr_crash_davis
on Nov 27, 2011 -
The housing bubble was the last chance most middle-class families saw for grasping the brass ring. Working hard didn’t pay off. Investing in the stock market was a sucker’s bet. But the housing bubble allowed middle-class families to dream again and more importantly to keep spending as if they were getting a big fat raise every year.
- How the Bubble Destroyed the Middle Class
posted by Slap*Happy
on Jul 11, 2011 -
Public Job as Only Route to Middle Class.
'While that might not seem like much, jobs' 'with benefits and higher-than-minimum wages, are considered plum in' the town of Gallipolis
a 'depressed corner of southern Ohio
. Decades of industrial decline have eroded private-sector jobs here, leaving a thin crust of low-paying service work that makes public-sector jobs look great in comparison.''Now, as Ohio’s legislature moves toward final approval of a bill that would chip away at public-sector unions, those workers say they see it as the opening bell in a race to the bottom. At stake, they say, is what little they have that makes them middle class.' [more inside]
posted by VikingSword
on Mar 16, 2011 -
Amid the financial headlines (about new banking reforms
, more bank failures
, the need for more lending
by the fat-cats
, the question of whether a European-style
bonus-tax might be possible here
, and the shrinking of the middle class
), on PBS yesterday Bill Moyers wondered, in an in-depth segment (with organizers from here
), whether a new wave of populist economic activism
is perhaps, despite all odds
, beginning to make a dent after all
posted by HP LaserJet P10006
on Dec 12, 2009 -
- To hear the Lou Dobbses and Bill O'Reillys of the world--not to mention politicians ranging from Ron Paul to Hillary Clinton--the middle class of America (however you define that term) has never had it so tough. Between credit squeezes, out-of-control immigration, rising costs of education and health care and everything else, it's all darkness out there for those of us who are neither millionaires nor welfare cases, right? (A video presented by Drew Carey and reason.tv)
posted by blue_beetle
on Feb 5, 2008 -
...According to the Bureau of Labor Statistics, the following are among the occupations with the largest projected job growth from 2000 to 2010: combined food-preparation and serving, including fast food; customer-service representative; registered nurse; retail salesperson; computer-support specialist; cashier, except gaming; office clerk; security guard; computer-software engineer, applications; waiter; general or operations manager; truck driver, heavy and tractor-trailer; nursing aide, orderly, or attendant; janitor or cleaner, except maid or housekeeping cleaner; postsecondary teacher; teacher assistant; home health aide; laborer or freight, stock, and material mover, hand; computer-software engineer, systems software; landscaping or groundskeeping.
Are We Still a Middle-Class Nation?
comes from The State Of The Union
section in The Atlantic
. Compare and contrast A Poor Cousin Of The Middle Class
posted by y2karl
on Jan 21, 2004 -
Americans are not going broke over lattes!
Salon (warning: ad click-through required) interviews the author of a book who contends that American middle class overconsumption is a myth. This made me really think about how I relate to my $$$, and what I think is pushing me deeper into a hole. According to this author, kids are forcing people into bankruptcy, and it's not because we buy them gameboys and expensive clothes. The author also claims that credit card companies and mortgage lenders need to be regulated by the govt., as they are feeding off of middle class hardships. It's also making me wonder why real estate developers aren't building small homes anymore, at least in my state of the union.
posted by archimago
on Oct 14, 2003 -