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[Excerpt] Granted, there have been complaints about the validity of the unemployment number in the past. Liberals have charged that it ignores people who quit looking for work, while conservatives argued that it misses those who are working "off the books" in cash-only transactions ranging from house-cleaning to illegal drugs.

But the real problem with the unemployment rate is that we've devalued American employment in order to have more of it. While corporate stock prices soar to new highs, the working class is paying for this situation.


Suggested Citation
Compa, L. (1987, March 15). So we have more jobs – low-paid, part-time ones [Electronic version]. The Washington Post, p. C1.

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