As Labor Day 2009 was observed this week, the United States faced one of the grimmest labor pictures in modern times, with continuing job losses and with little likelihood that an economic recovery will produce many more good-paying jobs unless structural changes occur.
A new study by Jeannette Wicks- Lim of the Political Economy Research Institute shows the problem goes beyond the current financial crisis. Wicks-Lim says her forecast of few new 'decent paying' jobs in the years ahead is a continuation of a trend that began in 1975 when workers stopped getting wage increases in concert with increases in their productivity.
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Wicks-Lim concludes that either increased unionization or expanded investment in jobs that can’t be outsourced holds the best hope for reversing this trend.
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