Nouriel Roubini's warnings of the joblessness threat is a sobering analysis of why although Goldman Sachs is doing quite well, the economy in which people live continues to be a real problem for the world. Add to that California's tossing the most vulnerable off the boat just when the safety net is needed most, and one starts to wonder how many lives will be sacrificed to make sure the really rich don't have to suffer. Funny how shared sacrifice means letting the vulnerable take the biggest hit when things get bad.
And boy, just look at all the hot air about how awful it is to increase the minimum wage. Nothing gets more sympathy from the business page editors than thinking about how the awful government tilts the paying field in favor of the worker over business. Oh, boo-hoo.