Robt Reich: How to Cure our Labor Day BluesQuicklink submitted by Josh Mitteldorf Permalink
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|Middle class workers are working for a lower wage than 30 years ago. Their income has been shifted upward, to the super-rich. This is not just bad for the middle class, it's bad for the economy, because the super-rich are much less likely to spend their income, or even to invest it within the US. The middle class has been borrowing, not just to pay bills but to keep the American economy afloat. Now we need new measures.|
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