Page 4 - Wage Work News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Which basically people don't feel forced to take whatever job they can find fundamentally. that really was the kind of defining psychological feature of a lot of the economy through the long recovery from the great recession. that has been removed in a remarkable way. >> it's really, i think, people underestimate the extent to which the assumption any economics profession and by a lot of policy makers, to get people to do work they have to be on the edge of substance. something terrible has to happen in order for them to do low wage work. but the wages have been going up and job openings have ...

Bankruptcy. people are starting their own businesses. that's way up. productive investment at capacity, there's lots of things happening even below the kind of headline numbers that are encouraging about what kind of economy we want to have in which basically people don't feel forced to take whatever job they can find fundamentally. that really was the kind of defining psychological feature of a lot of the economy through the long recovery from the great recession. that has been removed in a remarkable way. >> it's really, i think, people underestimate the extent to which the assumption any ec...

This will probably take a year. so nobody should look for this to happen any time soon. but i think in the end, the question is what flexibility do businesses have. where will the money come from and that's always the key thing in a business because you've got to make the bottom line continue to grow for your owners, your shareholders, the pension funds. >> i'll push back a tiny bit, because for a business like a fast-food business, like mcdonald's, the money would come from the incredible profits, wouldn't it, that these businesses are already reaping from essentially low wage work, particula...

Know, protest unfair labor conditions. you are protected. the problem is that there say big gulf between, you know, the theoretical right to organize and what happens when you actually do it in practice. because as i'm sure richard will tell us, you know, there are severe consequences for workers, especially in this economic climate, when they stand up and protest unfair labor conditions. and so the way that our walmart and fast food workers have been doing it over the last year, you know, these are growth industries in our economy as theresa was saying, these are the jobs that are growing, bu...

Lower wage work. the fact they have come together. the same thing for infrastructure and the president said this. why can't the two parties get together? >> it's a huge deal because george bush could never get business energized enough to get an immigration deal. >> what is the difference now? >> i think the president is in a better position to get business and labor than president bush was. >> but business is in such a crisis not getting certain things done. you see what happens with coca-cola. they couldn't get fruit and onions picked. impossible. >> so, andrea mitchell, looks like peace may...