Earnings in the New World Economy

According to Frank Levy, the New World economy is not kind to anyone but the elite (economics start on page 4). This does not bode well for the future.

Levy is doing very interesting research on the changing world market. I’m particularly fond of neo-skilled labor. His research matches almost perfectly with several debates I’ve had with other engineers—I wish I would have read the studies earlier so I could bring a different perspective.

I find it somewhat ironic that Dr. Levy is leading the charge into the changing global economy when he and his kin are extremely well educated (his wife is a professor at Harvard, his son is an MBA, and his daughter is a lawyer). Do the unwashed masses already know the simple truths that Dr. Levy espouses? Did academia just open the door into reality or is this truly new?