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Tag: new depression

Why Jobs Are Scarce, Wages Low and Government Can’t Help

Thursday, 10 Jul 2014 - By Peter Morici Americans keep hoping for a robust recovery — one that delivers better-paying jobs and decent returns on retirement savings. Changes in technology and the economy may require that never happens, and government efforts to improve conditions often multiply the misery. In 1908, Henry Ford had a great idea — the Model T — and a novel understanding of[...]