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November 20, 2019

On This Day in 2008
The Great Recession hit high gear when the stock market fell to its lowest level since 1997. Adding to the mess: a burst housing bubble and total incompetence and greed, some of it criminal, on the part of the nation’s largest banks and Wall Street investment firms. Officially, the recession lasted from December 2007 to June 2009.
- Voices of Labor

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These 3 Policy Failures Are Killing the American Dream
Posted On: Oct 09, 2019
Oct. 9, 2019 | ECONOMY | The United States has never been richer. In 2018, American households boasted a collective net worth of over $98 trillion. If that wealth were divided evenly across the U.S. population, every human being in our country would have roughly $298,000 to their name — and every family of four would be millionaires. Few Americans feel entitled to full communism. But many do have trouble reconciling their nation’s unprecedented wealth with the increasing insecurity of middle-class life. In the 1960s, economists worried that 21st-century Americans would struggle to find purpose once economic progress turned full-time employment into an archaic chore practiced solely by the eccentric, like churning butter or collecting CDs. And yet, in 2019, middle-class Americans are working harder than ever. We were promised flying cars. Instead, we got 60-hour workweeks… Intelligencer
 
 
Teamsters Local 355
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