The union way up
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article: The union way up
The following Op-ed by former Labor Secretary Robert Reich appeared in the LA Times. The comments appearing following the article appear on the LA Times website.
Why is this recession so deep, and what can be done to reverse it?
Hint: Go back about 50 years, when America's middle class was expanding and the economy was soaring. Paychecks were big enough to allow us to buy all the goods and services we produced. It was a virtuous circle. Good pay meant more purchases, and more purchases meant more jobs.
© January 26, 2009 The LA Times
