Michael Goldfarb writes about The Downturn

Last December, Michael Goldfarb, author, journalist and broadcaster, wrote 50+ and working, but underemployed, a post for our site.  Yesterday, he sent me an essay History in the Time of Forgetting:  The Death of Solidarity that he has added to his own blog.

In his essay, Michael calls this period in American history “The Downturn.”  He writes that that globalization has united the residents of world financial centers, such as New York, London, Singapore, Hong Kong and Shanghai,  but distanced them from everyone else.  He  believes that the statistical models and data used by the U.S. government to track economic activity are outdated and no longer reflect the reality of the working world for many people, who are working, but at rates of pay that are less than half of what they had previously earned.  He asks:  Where will new full-time jobs come from for both older and younger workers?

Fundamentally, he is fearful that The Downturn has either created or accelerated a death of human solidarity, which he defines as the willingness of one person to risk his or her personal security to help another.   Workers under 25 and over 50 can’t find employment.  “Yet,”  Michael summed up, “stock markets and bonuses continue to rise.  GDP is expanding.  The Recession is over…but The Downturn isn’t.”

Take a look at his essay, and let us know what you think about The Downturn and the death of human solidarity.


Smithe846 said:

There are some interesting closing dates on this article however bedgcegbkfdkggak

Smithc440 said:

But a smiling visitor here to share the love , btw outstanding layout. abggffdekedgecda

Smithg605 said:

This is one awesome blog post. Keep writing. eegdacdadkedeaae

Smitha408 said:

A big thank you for your article.Thanks Again. Great. ecgkbgfcbdbddaff

Smitha51 said:

reverse phone lookup cell free I wish to voice my gratitude for your generosity giving support to individuals kddedcbfbdfffddk

Smithg377 said:

I got what you intend, thankyou for putting up.Woh I am lucky to find this website through google. Being intelligent is not a felony, but most societies evaluate it as at least a misdemeanor. by Lazarus Long. dddkegdbgfddbgke

Smithe345 said:

Hi, Neat post. There's a problem with your site in internet explorer, would test this IE still is the market leader and a good portion of people will miss your excellent writing because of this problem. bfgecefaddecaade

Smithe533 said:

Thank you for the sensible critique. Me &amp my neighbor were just preparing to do a little research about this. We got a grab a book from our local library but I think I learned more from this post. I am very glad to see such excellent info being shared freely out there. cageabeekcebafdd

Smithf350 said:

Hello There. I found your blog using msn. This is a really well written article. Ill make sure to bookmark it and return to read more of your useful information. Thanks for the post. I will definitely return. edkeedeaaefadbak

Leave a Comment »

Leave a Reply

Your email address will not be published. Required fields are marked *