More Economic "Growth"
Splashed all over page one today: the US economy shows strong growth. (And by "economy", of course, the media actually mean GDP plain and simple.) But do the GDP numbers lie?
Readers of this blog probably know we're a bit touchy on this subject. Today, I'll spare you my ranting and pull a quote from Ezra Klein at Tapped:
,,,macro data tells you very little about the economic experience of most folks, which accounts for the massive disconnect between how the Bush administration and the media seem to think the economy is doing (tubularly!) and the 63% of the public who think the situation fair or poor. For some more indicative numbers, head over to the Wall Street Journal, where you learn that wages and salaries grew only 0.7% over this period, while prices for U.S. consumers rose 2.7%. The labor market, which has tightened up, is seeing a weird combination of low unemployment without corresponding wage growth.
That just about gets it right.
Special Series
The Year of Living Car-lessly Experiment
In a Series
The Year of Living Car-lessly
This is week ten of the car-less in Seattle experiment (go here) and I want to talk about one of the greatest fears car-lessness unleashes for parents. But first, some big news:
My wife Amy and I decided—with the support of all three of our children—to remain without a car for at least a full year. That’s right: family of five; busy schedule of work, school, and extracurricular activities; and no car of our own.
The earliest we’ll allow ourselves to consider purchasing a vehicle would be February 19, 2007—one year after the end of our old Volvo.
The kids’ support, I’ll admit, was bought and paid for. We bribed middle-schoolers Peter and Kathryn with cell phones, and we offered to help pay for highschooler Gary’s existing phone.
In our defense, though, this bribe was also an investment in safety and independence. Amy and I want our younger kids, like their older brother, to be able to go places by themselves, by foot, bike, transit, carpool, whatever. Now that we’re all equipped with phones, we’ll be able to keep track of each other better, along the lines described in this New York Times article. (And we can easily afford the phones out of the savings from not owning a car.)
Now, what’s the parental fear of car-lessness that I'm referring to?