Wages, income, and time for gardening

The Economist

From 1973 to 2007, the percentage of Americans who are employed rose to heights never before seen. This was largely a function of the mass entry of women into the labour force. Moreover, the average annual hours worked per employee also rose in that period. Household incomes rose, despite weak wage growth, because more people in the household were working and they were working longer hours. But that employment-to-population ratio has now plummeted back to the same levels it was at in the early 1970s. The result is massive unemployment and dead-in-the-water GDP growth.

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Recommended Books: Social & Political

Back to Work: Why We Need Smart Government for a Strong Economy by President Bill ClintonBack to Work: Why We Need Smart Government for a Strong Economy by President Bill Clinton
President Clinton explains how we got into the current economic crisis, and offers specific recommendations on how we can put people back to work.
Click here for more info and/or to order this book on Amazon.

Confidence Men: Wall Street, Washington, and the Education of a President by Ron SuskindConfidence Men: Wall Street, Washington, and the Education of a President by Ron Suskind
This is a story that follows the journey of Barack Obama, who rose as the country fell, and offers the first full portrait of his tumultuous presidency.
Click here for more info and/or to order this book on Amazon.

The Quest: Energy, Security, and the Remaking of the Modern World by Daniel Yergin The Quest: Energy, Security, and the Remaking of the Modern World by Daniel Yergin
Renowned energy authority Daniel Yergin continues the riveting story begun in his Pulitzer Prize winning book, The Prize.
Click here for more info and/or to order this book on Amazon.


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