Rich Man, Poor Man

As the complexity of the global marketplace increases, top executives and the wealthy have seen a dramatic rise in compensation while average workers confront the pain of labor outsourcing and stagnant wages. This irony has sparked a renewed urge towards protectionism and redistribution that puts free-trade principles at risk. Rather than the government piling up obstacles for globalization or legislating a “maximum wage,” the authors argue for a range of improvements to all sectors of governance: education, unemployment insurance, as well as government-sponsored health-care and retirement programs. Long-term investment in comprehensive reform will do more to help any society adapt to globalization than short-term pay-offs to individuals. – YaleGlobal