Web Blog for anything related to Union Labor

American Workers Will Feel This Recession For Years To Come – 02/01/08

Posted on January 31, 2008 | in Labor News | by

By Doug Cunningham

For workers the coming U.S. recession will mean they will be feeling it for years to come, not just the several months it typically takes for the economy to pull out of a recession. Economist Dean Baker is with the Center for Economic and Policy Research.

[Baker]: “Workers weren’t doing terribly well prior to the recession and we never really recovered from the last recession. So we saw wages fall through ’03, ’04,’05. Finally there was some wage growth
in ’06 and ’07 as the labor market started to tighten. But we’re just getting back to where we were before the recession. So we had an upturn that really didn’t offer very much for workers, and the unfortunate part of the story is the downturn is going to be worse.”

Leave a Reply

Categories

TITLE

Tags

Recent Posts

Default utility Image Meany-Kirkland Human Rights Award Honors Labor in the Arab Spring The 2012 George Meany-Lane Kirkland Human Rights Award will honor the Tunisian General Union of...
Default utility Image Quality Health Care for Women Includes Contraceptive Equity Women must have the right to quality health care, including equal access to contraception, and...
Default utility Image Council Says 30 Years of Policies for the 1% Caused Crisis, Outlines Steps to Fix Economy In a broad statement today at its annual winter meeting in Lake Buena Vista, Fla.,...
Default utility Image AFL-CIO Calls for Overturning Citizens United Case Two years ago, the U.S. Supreme Court gave business corporations and other groups the green...
Default utility Image AFL-CIO Calls for Across-the-Board Raise in Social Security Benefits America has a retirement security crisis—not a Social Security crisis, the AFL-CIO Executive Council said...

Recent Posts

Default utility Image Default utility Image Default utility Image Default utility Image Default utility Image

Recent Posts

Default utility Image Meany-Kirkland Human Rights Award Honors Labor in the Arab Spring The 2012 George Meany-Lane Kirkland Human Rights Award will honor the Tunisian General Union of...
Default utility Image Quality Health Care for Women Includes Contraceptive Equity Women must have the right to quality health care, including equal access to contraception, and...
Default utility Image Council Says 30 Years of Policies for the 1% Caused Crisis, Outlines Steps to Fix Economy In a broad statement today at its annual winter meeting in Lake Buena Vista, Fla.,...
Default utility Image AFL-CIO Calls for Overturning Citizens United Case Two years ago, the U.S. Supreme Court gave business corporations and other groups the green...
Default utility Image AFL-CIO Calls for Across-the-Board Raise in Social Security Benefits America has a retirement security crisis—not a Social Security crisis, the AFL-CIO Executive Council said...

Tag Cloud