Wall Street Journal (April 12)
2010/ 04/ 12 by jd in Global News
Former U.S. Labor Secretary Robert Reich writes the U.S. lost 8.4 million jobs since the start of the Great Recession in December 2007. He points out, many jobs “will never return.” These jobs have simply been eliminated or outsourced. Because companies used the Great Recession as a chance to cut costs and increase efficiency, Reich believes wages will continue to fall, even if the economy continues to add jobs.
