Bob Reich S Job Market
“Tell you the truth, I don’t like either [the American or European] option,” said Robert Reich, the secretary of labor, sitting in his office last week. Reich, of course, wants the best of both worlds, an economy that creates more jobs at higher wages. Fat chance, but the secretary does have a theory: a better-educated work force is the one true path to the economy of his dreams. And he has some statistics to back up his theory: wages in America have declined primarily for the undereducated, especially those with only a high-school diploma....