|No magic bullet for good jobs|
By Robert Reich
JOBS ARE returning with depressing slowness, and most of the new jobs pay less than the jobs that were lost in the Great Recession.
Economic determinists assume that globalization and technological advancement necessarily condemn a large portion of the American workforce to underemployment and stagnant wages, while rewarding those with the best educations and connections with ever higher wages and wealth.
Many on the right of the political spectrum say we should accept this outcome because we mustn’t interfere with the free market. Some on the left say we should withdraw from global trade; a few want us to become neo-Luddites and stop using labor-saving technologies.Both sides are wrong. Other nations
|Tuesday, July 09, 2013 2:21 PM|