This document is a transcript of a seminar that explored the long-term causes and consequences of the decline in wages, incomes, and living standards experienced in the United States in the last 12 years. It was published in order to encourage wider public discussion of the causes of U.S. economic problems so that citizens, the press, and public officials can develop an informed agenda for public action. Participants in the seminar moderated by Jeff Faux; were economists Lester Thurow, Frank Levy, and Barry Bluestone; political scientist Ralph Whitehead, Jr.; and unnamed members of the press. Following the individual statements by the economists and political scientist, most of the document is devoted to questions (presumably asked by members of the press) and their answers. The document concludes with a list of 17 references. (CML)