Inequality Could Keep Economy from Full Recovery
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The federal stimulus package is a good way to jump-start our economy, but it is not enough to solve the deep crisis of inequality that has been building in this country for decades. A recent article says the government needs to act quickly to start addressing the growing income gap.
In an article in The Nation online, Christine Owens and Annette Bernhardt, executive director and policy co-director, respectively, of the National Employment Law Project (NELP), say working families were struggling to survive even before the current recession. Although U.S. workers are more productive than ever, they are faced with stagnant wages, disappearing benefits and little job security. The Bureau of Labor Statistics reports that eight of the top 10 occupations projected to generate the most jobs by 2016 are low-wage jobs in the service sector.
Economic Recovery Package: Jobs, Jobs and More Jobs
Now that President Obama’s economic recovery package has been enacted, workers and political leaders are poring over the details of the plan to figure out the potential impact on workers and their unions.
Jeff Rickert, director of the AFL-CIO’s Center for Green Jobs, says the package will create millions of new jobs and open up opportunities for workers to gain long-term, quality jobs in areas of the economy where unions are strong—manufacturing, construction and others.
Case in point: Nearly $7 billion will be spent in Illinois alone on projects ranging from $1.6 billion for transportation infrastructure, nearly $1 billion for highways and $154 million in job training.
