The number of dot-com millionaires is astonishing. No longer must an employee toil for 30 years to accumulate the capital that qualified him as a millionaire. Well, yes, there are tensions. Yet people hired with no experience are often coming into offices with pay packages far bigger than those of veteran staffers. But count the gains.
Inflation is contained.
Productivity bounds ahead. Confidence in America's future is at record levels. Our work force has extraordinary dynamism and flexibility. Young Americans now change jobs an average of nine times before their mid-30s, until they find the most suitable environment. We define ourselves by our work, and our work, once again, is defining a spectacular change in American life.