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Unformatted text preview: o 1970-2002, hours worked rose by %20 • Americans started borrowing o Borrow against the house o Sub-prime mortgages o Credit cards o Avg level of debt exceeds income The Meaning of Trauma for Business • Not just wall street • Pay workers the same while they produce more • Paid themselves large bonuses and wages • Mergers and acquisitions Bust and No Boom in Site • “lunacy of the business society” • invested in new internet o led to stock market crash in 2000 17:48 17:48...
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- Spring '08
- Anthropology, stunning technical change, Steadily rising standard