Millions Denied a Livelihood

March 4, 2003

Statistics show that the economy is growing again.

But statistics also show that within the last 6 months, one million workers have dropped out of the labor force altogether - unable to find work after months of searching. Over the last 2 years, more than 2 million jobs have been wiped out. In other words, this is another "jobless recovery."

The persistently high unemployment rate (which has hovered around 6% for the last year), in turn, is putting downward pressure on the wages of employed workers. During 2002, 2 out of every 3 workers saw their real wages (adjusted for inflation) decline.

These trends are expected to continue as corporations are planning to layoff more workers and "hold the line" on wages.

In sum, the capitalists are trying to revive the economy by shifting a greater burden of poverty and exploitation onto the workers.

Production is increasing again but more workers are laid off while the capitalists sweat more and more production out of fewer and fewer workers.

Profits are growing again but wages are falling and tens of millions of workers do not even earn enough to make ends meet.

This situation must be changed.

The very starting point of economic life must be to guarantee a secure, stable, modern livelihood for the workers, whose labor creates all the material wealth in the first place.