Why The Labor Market, Not Consumption, Is Central To Economic Prosperity

Why The Labor Market, Not Consumption, Is Central To Economic Prosperity

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In his new book, “The Once and Future Worker,” Oren Cass, Manhattan Institute senior fellow, lays out his hypothesis on labor, wages, and how a renewal of jobs is crucial for a thriving, self-sufficient society that offers opportunity to all. On this episode of The Federalist Radio Hour, Ben Domenech and Cass also discuss Universal Basic Income, globalization, and the plight of unemployed men.

“Globalization, among other things, exposes less skilled workers in America to much, much cheaper workers elsewhere,” Cass said. “As a consumer, you are better off with more choices, with more places to buy it from for less…but that’s not necessarily what we actually care most about. And if what you care about is workers being able to support their families, that economic model creates a lot of losers as well as winners.”

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