Industrial Policy: Will Clinton Find the High-Wage Path?

Bill Clinton’s charge that “we are working harder for less” was repeated at campaign bus stops all the way to the White House. Echoing a decade of policy debate among Democrats, he talked of the need for America to seek a “high-wage” path through the new competitive global marketplace. With his election, “Industrial Policy” has crept back on the national agenda: the question now is not whether the government should guide the private sector to become m...