Must-Read: Five things are going on with respect to America’s blue-, pink-, and–increasingly–white lower-middle and middle-middle working classes. Three of them are real, and two of them are fake: Technology: It has–worldwide–greatly amplified manufacturing labor productivity, accompanied by limited demand for manufactured goods: few of us want more than one full-sized refrigerator, and very very … Continue reading Must-Read: Lawrence Summeers: Revoking Trade Deals Will Not Help American Middle Classes