Labor Day, the Less Radical Alternative to May Day

September 7, 2009

Unemployment numbers continue to rise in the United States as the potential for a 'jobless recovery' takes hold. In this video, TRNN Producer Jesse Freeston speaks with Jeannette Wicks- Lim of the Political Economy Research Institute about the report she released on Labor Day which shows the problem goes beyond the crisis. The report points to Department of Labor data from 2006, before the US went into recession, which forecast the US economy would not add any 'decent paying' jobs between 2006 and 2016. The forecast can be seen as a continuation of a trend that began in 1975 when workers stopped getting wage increases in concert with increases in their productivity. Wicks-Lim concludes that from an economist perspective, the best proven way for worker's to affect this structure in their favor is through increasing the unionization of the workforce. Wicks-Lim's report was supported by the AFL-CIO.

Unemployment numbers continue to rise in the United States as the potential for a 'jobless recovery' takes hold. In this video, TRNN Producer Jesse Freeston speaks with Jeannette Wicks- Lim of the Political Economy Research Institute about the report she released on Labor Day which shows the problem goes beyond the crisis. The report points to Department of Labor data from 2006, before the US went into recession, which forecast the US economy would not add any 'decent paying' jobs between 2006 and 2016. The forecast can be seen as a continuation of a trend that began in 1975 when workers stopped getting wage increases in concert with increases in their productivity. Wicks-Lim concludes that from an economist perspective, the best proven way for worker's to affect this structure in their favor is through increasing the unionization of the workforce. Wicks-Lim's report was supported by the AFL-CIO.



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