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Add comment on:Our Triple Jobs Problem
First, even as unemployment has inched down, the economy has created barely enough jobs to match population growth. Second, this enormous labor-market “slack” has stifled workers’ bargaining power and kept wages low. Third, even with a “tighter” labor market, workers would still be in a weak bargaining position due to the policies of the last thirty-some years, which have undermined unions, the welfare state, and labor-market regulation.
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