{"id":46173,"date":"2014-10-02T18:00:57","date_gmt":"2014-10-02T18:00:57","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/rana_foroohar_time_completely_nails_it_on_the_struggling_us_economy_very_ve\/"},"modified":"2014-10-02T18:00:57","modified_gmt":"2014-10-02T18:00:57","slug":"rana_foroohar_time_completely_nails_it_on_the_struggling_us_economy_very_ve","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=46173","title":{"rendered":"Rana Foroohar (Time) completely nails it on the struggling US economy: &#34;very, very broken&#34;"},"content":{"rendered":"<p>A little over three years ago, I wrote a column titled \u201cThe 2% Economy,\u201d\u009d explaining how a recovery with only 2% GDP growth, no new middle-class jobs and stagnant wages wasn\u2019t really a recovery after all. Like everyone, I hoped that once growth kicked up to about 3%, middle-class jobs and wages would finally revive.<\/p>\n<p><b>But we\u2019re now in a 3% economy, and I\u2019m writing the same column. Only this time, the message is more disturbing.<\/b> Growth is back. Unemployment is down. But only a fraction of the jobs lost during the Great Recession that pay more than $15 per hour have been found. And wage growth is still hovering near zero, where it\u2019s been for the past decade. <b>Something is very, very broken in our economy<\/b>.<\/p>\n<p><a href=\"http:\/\/time.com\/3429656\/the-3-economy\">Read it all<\/a> (my emphasis).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A little over three years ago, I wrote a column titled \u201cThe 2% Economy,\u201d\u009d explaining how a recovery with only 2% GDP growth, no new middle-class jobs and stagnant wages wasn\u2019t really a recovery after all. Like everyone, I hoped<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=46173\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,209,175,582,589,149,168,671,617,597,616,151,618,596,584,34],"tags":[],"class_list":["post-46173","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-americau-s-a","category-anthropology","category-consumerconsumer-spending","category-corporationscorporate-life","category-economy","category-ethics-moral-theology","category-federal-reserve","category-house-of-representatives","category-laborlabor-unionslabor-market","category-office-of-the-president","category-politics-in-general","category-senate","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/46173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46173"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/46173\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}