Utah Democratic Labor Caucus

The union way up

January 28, 2009, 11:04 am
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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.

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Citation

Taylor, T. (2009). The union way up. Retrieved from http://labor.utdem.org/view/article/51cbeaad7896bb431f685400

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