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Tag: Down The Up Escalator


visualpanic (CC BY 2.0)

How the 40-Year ‘Long Recession’ Led to the Great Recession

If you had to date the Great Recession, you might say it started in September 2008 when Lehman Brothers vaporized over a weekend and a massive mortgage-based Ponzi scheme began to tumble. By 2008, however, the majority of American workers had already endured a 40-year decline in wages, security and hope—a Long Recession of their own.

Posted on Apr 10, 2013 READ MORE


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