CityClub's ahead of The Times

The New York Times published an op-ed today entitled “Two Economies,” discussing the subject of CityClub’s forum last Friday! Looks like we’re ahead of The Times...

Check out this excerpt:

“[Tyler Cowen’s] work leaves the impression that there are two interrelated American economies. On the one hand, there is the globalized tradable sector — companies that have to compete with everybody everywhere... On the other hand, there is a large sector of the economy that does not face this global competition — health care, education and government... The first, globalized sector is producing a lot of the productivity gains, but it is not producing a lot of the jobs. The second more protected sector is producing more jobs, but not as many productivity gains."

To see what our panelists had to say on the subject, watch the video.

Read the entire op-ed piece here.