Sunday, November 13, 2011

Why Dems can’t quit Occupy Wall Street

"The Occupy protests are about jobs.  The Occupiers are unemployed and they tend to have a certain class of college degree and cannot find a certain class of job.  Anderson strikes close to the heart of the problem with Blue Inequality:

The helping professions, the professions of therapeutic authoritarianism (the social workers as well as the public safety workers), the virtuecrats, the regulatory class, etc., have a problem — they mostly service and manage individuals, the client-consumers of the welfare state.  Their rents are not leveraged very much, certainly not globally, and are limited to what amounts to an hourly wage.  The method of ramping up wages, however, is through public employee unions and their own special ability to access the public-private divide.   But, as everyone understands, that model no longer works, because it has overreached and overleveraged, to the point that even the system’s most sympathetic politicians understand that it cannot pay up."
[Patterico]

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