The article ‘Average is over’, written by Thomas L. Friedman, gives us a preview of the American economy’s deteriorating situation, blaming in on the administration for being non-serious and not asking the right questions.
The writer starts off, with an amusing rather sarcastic manner, pointing out the questionable spending of &787 billion by the state when it could have been diverted towards generating jobs and infrastructure. Besides the taxes, which have to be imposed to generate revenue and to get the multinationals to inject money is domestic ventures, attention has to be paid to the root causes of this problem too. The writer blames it on the stagnant middle-class wage subsidy, which kept the economy running fairly artificially, and says that to fix the problem more jobs have to be created for which more products have to be produced which are competitive both domestically and internationally.
The writer points out the technological advancements that are floating jobs in the market which can prove to be a perfect playground for competitive American labor. Lawrence Katz, the Harvard University labor economist, says that everybody has to bring something ‘extra’ to the table to excel. That way there work will be more meaningful and satisfactory compared to average labor.
The time of ‘average’ is over! People demand ‘extra’. The need of the hour is an inspired, skilled more competitive labor force and the job of the government being making this happen and providing them protection.
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