With the Dow Jones industrial average flirting with a record high, the split between American workers and the companies that employ them is widening and could worsen in the next few months as federal budget cuts take hold.
Growing income inequality—approaching now obscene levels—is not simply a ‘moral outrage’. It not only represents a gross violation of historically held American values or reasonable equality for all. It is a condition that has served, and continues to serve, as a major cause of the lack of sustained economic recovery in the US now for five years—as well as a major factor in explaining why the US continues today to drift toward another ‘double dip’ recession.
New employment figures reveal young adults in the U.S. have nearly double (13.7 percent) the unemployment rate of the general population. We must face up to this moral crisis and demand the policies that will employ Millennials.
Joblessness - Obama's Biggest Challenge
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