Support Marketplace  Economic malaise  Commentator and economist
Glenn Hubbard  KAI RYSSDAL: The International Monetary Fund said
this week the American economy's doing pretty well. In fact, the
US is driving the global economy. Despite oil prices, hurricanes
and rising interest rates. So how come we're not feeling so good
about it ourselves? Commentator and economist Glenn Hubbard has
one explanation.  GLENN HUBBARD: It's true that the American
public's anxiety over the economy matches up poorly with the
economic headlines. But, you know, it's also understandable.
Economists believe that higher productivity translates into
higher wages, but productivity and pay don't jump
simultaneously. So workers aren't yet seeing much bigger
paychecks.  The same was true in the mid-1990s. Worries over job
cuts and downsizing drowned out the good news of higher economic
growth. But later in the decade higher compensation figured in
more fully, and it will again.  And there are other, deeper
fears at work in the American p