For most of the last century, the worst employers in the United States–the tenement sweatshop, the company-town mine–were remnants of our past. Today, they are glimpses into our future.
Consider wages. While productivity grew about 80 percent between 1973 and 2011, the real hourly wages of the median worker barely budged–inching up only 4 percent over a generation…. Consider benefits. Public policy (Social Security and our patchwork health system) remains organized around the expectation of job-based pension and health coverage. But the share of workers offered such coverage, or able to afford their share of the costs when it is offered, continues to fall….