Saturday, July 22, 2006

MARIE ANTOINETTE AWARD

To this guy, quoted in a New York Times Week in Review article about the shrinking middle class in big cities:

Of course, cities need police officers, firefighters, teachers. But as long as they can get the labor they need from somewhere nearby, some economists say, middle-class shrinkage may not hurt. In Southern California, developers import construction workers from Las Vegas and put them up in hotels; costs go up but rich clients can pay. Firefighters who want to live in high-priced cities can work two jobs, said W. Michael Cox, chief economist for the Federal Reserve Bank of Dallas. "I think it’s great," he said. "It gives you portfolio diversification in your income."

Let them eat never seeing their families!

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