Boeing Workers Have Less Bargaining Power Because We Have a High Unemployment Policy

Harold Meyerson has a good column in the Post talking about how workers in the United States have little bargaining power with employers. This explains why profits have soared and wages have stagnated.

While Meyerson focuses on the weakening of unions it would also have been worth noting that part of the reason for the decline in workers' bargaining power is that the government has decided to run a high unemployment policy. Congress and the president have approved budgets that keep the unempl...