Are American Businesses Leaving Behind the Middle Class?
The unemployment rate hovers at 9.1 percent. This means that nearly 14 millions are out of work and 2.2 have stopped looking for work, taking themselves out of the market. There is little indication that American companies will begin hiring in significant numbers anytime soon, despite the fact that the economy is producing as much as it was before the recession hit. In fact, many American companies have shifted their focus on growth in emerging markets overseas. Should businesses be doing more to get Americans back to work? Reuters Global Editor-at-Large Chrystia Freeland says that the reality is that U.S. companies have found that they don’t need to worry about the middle class in order to stay in business.
The story you just read is available to read for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, the reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
When you make a gift of $10 or more a month, we’ll invite you to a virtual behind-the-scenes tour of our newsroom to thank you for being with The World.