Constructive gadfly
Published on February 20, 2012 By stevendedalus In Politics

Small wonder the US has a full employment problem.

"Foxconn Technology—responsible for assembling iPhones, Xbox 360s, and Dell computers— a 25 percent pay raise for its employees at Chinese factories on Saturday. News of the raise comes after weeks of increased scrutiny of the working conditions at the plants, which together employ 1.2 million workers who work as much as 14 hours a day. The pay raise comes with a limit on overtime hours. "This is the way capitalism is supposed to work," said David Autor, a MIT economist, to The New York Times. "As nations develop, wages rise and life theoretically gets better for everyone."

Except our younger generation doesn’t feel it getting better.



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