Friday, September 3, 2010

Level the Playing Field?

Robert Reich in the New York Times today -- "How to End the Great Recession":

THE Great Depression and its aftermath demonstrate that there is only one way back to full recovery: through more widely shared prosperity. In the 1930s, the American economy was completely restructured. New Deal measures — Social Security, a 40-hour work week with time-and-a-half overtime, unemployment insurance, the right to form unions and bargain collectively, the minimum wage — leveled the playing field.

Reich argues that we cannot recover from the long structural recession until the middle class is able to buy the goods in produces.

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