The American public is pro-business. But that support rests on an implicit bargain. But a skilled, flexible workforce that can create value in ways that matter in the marketplace can offer enduring competitive advantage. By 1992, however, the average male college graduate was earning 83 percent more than his high-school graduate counterpart, and the notion of common prospects had faded considerably. There is a similar divergence in employee benefits.
Similar divisions apply to employer-sponsored pension coverage.
Although the Secretary did not say it, these facts would seem to result from racial bias in the distribution of opportunity in our society. Growth of the economy is what will save us all, the DLC and Mr. Reich both preach. For decades, corporate insiders in Washington have persuaded Congress to give corporations special favors exceeding by far the largest welfare programs for the poor.