Labor Day scorecard: American workers not doing well
A Rutgers University study has been released that paints a somber picture for American workers:
In its first national labor scorecard, the Rutgers School of Management and Labor Relations said more than 10 percent of Americans are unemployed, discouraged from seeking work or underemployed. That is a nearly 25-percent increase from one year earlier.
Professor Douglas Kruse, a labor economist who created the scorecard, said a sharp decline in the number of Americans able to find full-time jobs, along with growing consumer debt and health care costs, were causes for concern.
And this:
The median weekly earnings for American workers have not grown in real terms over the last eight years.
That's the "ownership society" for you: workers get shafted, while one of the two main presidential candidates doesn't even know how many houses he owns.