Second, high unemployment itself. Joblessness all but eliminates the
bargaining power of most workers -- allowing corporations to keep
wages low. Public policies that might otherwise reduce unemployment -- a
new WPA or CCC to hire the long-term unemployed, major investments in
the nation's crumbling infrastructure -- have been rejected in favor of
austerity economics. This also means higher profits, at least in the
short run. - Robert Reich
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