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Labor and Ownership: The Future of Work

By VINCENT MONTALBANO
Posted 6/26/17

Work, the very essence of civilized life, has become a tenuous possession and circumstance worldwide. Monthly U.S. job reports consistently show a high percentage of people no longer looking for work, even as the unemployment “rate” continues to fall.

A Census Bureau report released on 9/13/16 indicated that while the median household income in 2015 was up 5.2 percent from the previous year, it was still 1.6 percent lower than in 2007, adjusting for inflation. It also remained 2.4 percent lower than the peak reached during the boom of the late 1990s.

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