Published on February 19, 2013
originally appeared in MRzine
The depth and length of the global crisis are now clear to millions. In the sixth year since it started in late 2007, no end is in sight. Unemployment rates are now less than halfway back from their recession peak to where they were in 2007. Over 20 million are without work, millions more limited to part-time work, millions have been foreclosed out of their homes.
Those who retain jobs suffer declining real wages, fewer benefits, reduced job security, and more work.