"The merit of a democratic regime rests on one's continual willingness to exchange views, and to compete on the basis of individual merit and capacities."

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In the four decades after World War II, manufacturing jobs paid more than other jobs for given skills. But that is much less true today. Increased international competition has forced American manufacturers to reduce costs. As a result, the pay premium for low-skilled workers in manufacturing is smaller than it once was.

— Christina Romer