Same old same old from the Harvard Business School:
“Many business leaders see smoother waters ahead, with the promise of stronger and steadier growth in America,” Harvard Business School professors Michael E. Porter and Jan W. Rivkin wrote in a report on the poll.Essentially, if you're in the top ten percent, you're golden. If you're in the bottom 90%, you're getting the golden shower from your betters. And THIS makes those folks feel good about themsleves and life in general.
The country’s recovery, though, is bifurcated, according to the report. Large and mid-size companies have rallied strongly from the worst recession since the Great Depression, while middle- and working-class Americans and small businesses are struggling.
“The U.S. is competitive to the extent that firms operating here do two things: win in global markets and lift the living standards of the average American,” Porter, who is co-chair of Harvard Business School’s U.S. Competitiveness Project, said in a press release. “The U.S. economy is doing the first of these but failing at the second.”
There are two likely endings to this scenario, and neither of them are good.