A NEW SOCIAL CONTRACT

[A New Social Contract: Between the Citizenry and the State]

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A New Social Contract: Between the Citizenry and the State

Millions of America's working families do not have the necessary means for basic self-sufficiency. In addition? it looks no better for the next generation. In 2000? average high-school educated workers age 25-29 started out earning about $5?000 less real income and could expect slower growth in earnings than those who entered the labor force in 1970. Workers with some college started about $3?500 behind their 1970 counterparts. The implicit social contract that governed work for many years—the norm that hard ...