Fanfare For The Common Man

Tight labor markets make managers sweat and alarm Wall Street economists, but for now they're a blessing to America. Look around. Virtually everyone is working. College grads are getting signing bonuses, high school dropouts are getting jobs, and people on welfare are moving into the workforce. The America Dream of a rising economic tide benefiting everyone, of each generation doing better than the previous one, of opportunity and upward mobility rewarding success, is in full force. Like the 1950s, the U.S. economy is enjoying what Federal Reserve Chairman Alan Greenspan calls a "virtuous cycle."

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