David Brooks and the Great Stagnation

David Brooks of the New York Times writes about the book The Great Stagnation by Tyler Cowen.  In the book, the author maintains that the world became a different place in 1974.  He points out the auto industry employes millions of workers, but today, the new economy is eBay, Facebook, etc., where we spend our time but not our money, and these companies employe just a few thousand workers.  Where will the jobs come from in the future?  It's a very interesting read, and I'm going to get a copy of Cowen's book.

David Brooks column