President Joe Biden’s fundamental pitch to America has been about dignity and respect. He never tires of repeating his father’s words that “a job is about more than a paycheck, it is about … dignity … about respect … being able to look your kid in the eye and say, ‘Everything is going to be OK.’”
In strikingly similar language, Princeton economists Anne Case and Angus Deaton affirm that “jobs are not just the source of money.” When jobs are lost, they wrote in 2020, “it is the loss of meaning, of dignity, of pride, and of self respect … that brings on despair, not just or even primarily the loss of money.”
