Recession Forever? 10 Reasons American Workers Are Screwed
"No matter what New York Times columnist Thomas Friedman and his followers say, we are not living in a "sharing economy". We are living in a zero-sum economy – in which a handful of investors and owners win at everyone else's expense.
But ultimately, it will catch up with investors, too. The US economy is engaged in a vicious cycle in which low-wage jobs and under-employment stimulate little demand, giving companies little reason to hire workers. Would-be workers then get discouraged and drop out of the workforce. They lack money to buy things, so consumer spending sags and companies don't hire or offer raises to workers they know they can keep. Repeat.
So, sorry Friedman et al: you can strain your brains for as many offbeat ideas and back-of-taxicab discoveries as you like, but the only way to break the cycle is to ensure everyone can work – and that those workers get more of the fruits of their labor. Until we address the following 10 problems head-on, the idea that the economy is truly recovering will remain a fantasy."
http://www.alternet.org/recession-forever-10-reasons-american-workers-are-screwed
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