CHAPTER 12HOW TO CREATE LIVING-WAGE JOBS THAT ARE GOOD FOR THE PLANET
Officially, the “Great Recession” ended in the second quarter of 2009. For some people, the recovery is well under way. Corporate profits are at or above pre-recession levels, and the CEOs of the two hundred biggest corporations averaged over $10 million in compensation in 2010—a 23 percent increase over 2009.
But for most Americans, there’s no recovery. Twenty-five million are unemployed, under-employed, or have given up looking for work. Forty-five percent of unemployed people have been without a job for more than twenty-seven weeks, the highest percentage since the Bureau of Labor Statistics started keeping track in 1948.
American workers ...