Long-term unemployed Americans give firms cheap, eager workers

06/28/2010 | Bloomberg Businessweek

Employers in the U.S. are getting highly productive workers for less than they once paid marginal employees, opening the door to increased efficiency and profit, experts said. Wage pressure has disappeared from the labor market largely because 6.8 million Americans have been jobless for 27 weeks or longer. They account for a record 46% of all unemployment.

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