Robert Reich: The Next Great Crash Is Coming

But most Americans are still living in the shadow of the Great Recession. More have jobs, to be sure. But they haven’t seen any rise in their wages, adjusted for inflation.

Last year, about 40 percent of American families struggled to meet at least one basic need – food, health care, housing or utilities, according to an Urban Institute survey. 

All of which suggests we’re careening toward the same sort of crash we had in 2008, and possibly as bad as 1929.

 

 

 

 

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