Daily Quote

At the bottom of the labor market, 20% of adults in the U.S. today work in jobs that pay poverty wages, wages that would not raise a family of four above the poverty line, even with full-time, year-round work…Being skilled no longer earns decent pay, benefits or security…Today’s minimum wage is more than $3 below its value in 1968, after accounting for inflation…We need a new social contract — between employers and employees

Paul Osterman, in a recent opinion special for CNN. Osterman is a professor at the MIT Sloan School of Management and co-author, with the late Beth Shulman, of “Good Jobs America: Making Work Better for Everyone.”