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A Devastating Impact

'In addition to all the people who are unemployed or underemployed, the weakness of the labor market has made it impossible for most workers to be able to achieve real wage gains. As a result the benefits of the growth we have seen in the United States and other wealthy countries have gone overwhelmingly to the richest 1 percent of the population.

'This story is not only devastating for the current generation of workers; it is also having a devastating impact on their children. There are millions of children having impaired childhoods because their unemployed parent(s) cannot properly care for them...'

 

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