Robert Reich: The Basic Bargain Is Broken

For most of a century, American employers and American workers had a bargain: employers, willingly or reluctantly, paid workers enough that workers could also be customers. Now they don’t. As much work as possible is offshored; American workers are underpaid or else sit idle through no fault of their own, and companies that actually make something for sale find that they have few customers, at home or abroad. In other words, employers, possibly in a fit of greed, broke the bargain… and we all suffer for it. Please read what Robert Reich has to say on the subject.

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