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Home » Articles »   By Robert B. Reich
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Thursday, June 9,2011

The silent jobless

By Robert B. Reich
The American economy is trapped in a vicious cycle. Those who are unemployed can't afford to buy much more than bare necessities, while people who are working are getting skimpier paychecks. This means consumers don't have much purchasing power, which has made companies reluctant to hire more employees or raise the wages of those they have.
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