People
Peter Temin

Peter Temin Quotes

Total quotes: 1

Peter Temin

Birthname

Birthday: December 17, 1937

Educated At: Swarthmore College, Massachusetts Institute Of Technology

Nationality: United States Of America, United States

Occupations: Economist

Total quotes: 1

“In the Lewis model of a dual economy, much of the low-wage sector has little influence over public policy. Check. The high-income sector will keep wages down in the other sector to provide cheap labor for its businesses. Check. Social control is used to keep the low-wage sector from challenging the policies favored by the high-income sector. Mass incarceration - check. The primary goal of the richest members of the high-income sector is to lower taxes. Check. Social and economic mobility is low. Check.”

— Lynn Paramore, Peter Temin, America is Regressing into a Developing Nation for Most People

Tagged: Economics, Economics of The United States, Politics is an intentional distraction, oligarchy, Learn Economics

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