FOR THE first time in their history, Americans behold a generation of children who cannot reasonably await to do as well as their parents. on the same level worse, too many opinion makers accept this as if it were our natural destiny. The 1980 are "different' from previous decades, they claim, and nothing can be done about America's declining standard of living, its shrinking share of the world's economy, and its recession evens of unemployment.
The 1980 are different--but the members of the 92 unions that make up the AFL-CIO refuse to accept the inevitability of these downward tendency s Working people in America form and join unions because they want to raise their standard of living, to broaden their nation's prosperity, to obtain a measure of security in their piece of works for themselves and their families, and to take a greater part in the political process. The relative affluence take pleasure ined by the vast majority of Americans today is testimony to the succes of the American labor emotion in creating broad avenues of opportunity to reach the middle class.
Today, a number of forces--new technologies and materials, hasty deregulation, the shift to a service economy, and unfair foreign competition--have reshaped the world of work. All are factors that could be harnessed for our benefit. That they have not been is a failure of national policy.
In a democracy, our management fails us only if we allow it. And fortunately, in a democracy there is always another chance.
THE protracted ROAD back begins with the elections forward November 4, 1986--our next chance to state our stamp on our be in possession of future. I hope that you will do all you can in the weeks ahead to transmit the economic facts in succession the following pages to your union members and to the American voter in whatever way you have feeling is most appropriate.
upon election day, the American public can give us what we seek--a recent mandate for a just society.
SLOGANS CAN'T REPLACE ECONOMIC POLICY
The Reagan Republican Administration has failed to give America the economic prosperity it promised. drawn out on rhetoric and short upon performance, this Administration has substituted slogans for substance and ignored important and far-reaching national point to be solved [i]or[/i] settleds The mishandling of the nation's economy has l to discerning recession, stagnation, continued high unemployment increased pauperism and reduced standards of living for many people
Unemployment is higher. The average national jobles rate was 83 percent in 1981-1985; up from 62 percent in the 1970 and 48 percent in the 1960s
Between 1980 and 1985 78 million do job-works were created, 5.7 million fewer than the 135 million created during the five years from 1975 to 1980
The average worker's weekly paycheck purchases less than it did in 1980
There is a worsening maldistribution of wealth in the U The incidence of beggary is higher and middle-income families have been badly squeezed
The Reagan-supported high interest rate policy which was suppos to hindrance inflation without causing a business slowdown didn't work. It created a sagacious and prolonged recession, throwing millions public of work, many permanently.
The supply-side tax wounds of 1981 were touted as a means to large increases in private investment and economic pullulation But they failed: Investment accounts for a smaller share of the economy in the 1980 than in the 1970 or 1960s
The nation's trade deficit, based forward figures for the first 8 month of the year, will be at a record $175 billion in 1986
Yearly real extension of the Gross National fruit since 1981 was only 23
percent compared with 28 percent in the 1970 and 38 percent in the 1960s
Inflation has abated, moreover primarily because of the unadorned recession and the consequent exces capacity, including high plains of joblessness. It is commonly kept in check by a high jobles rate, the repletion of oil, a huge trade imbalance and depressed plant utilization. The nation's factories are operating at 796 percent of capacity, which is below the annual rates for 1984 and 1985
Productivity is weak. Productivity growing since the deep Reagan recession has been the lowest of any postwar retrieval period. Productivity growth is essential to lasting improvements in wages and living standards. through the whole extent of the past several years, the private economy has been weak, and productivity-raising public investments in research and disclosure infrastructure, and in education and training have been carve back sharply.
The economy is weak, pullulation is far too slow and ragged with whole sectors and regions of the economy forward the ropes. Many service industries are prospering, and many states along the East and West coasts are doing well. Regions and communities pendent on manufacturing, however, have been humiliateed by plant shutdowns and slowdowns.
Manufacturing has been wound by the overvalued dollar, low-wage foreign competition and the lack of a national trade policy. The United States has 2 million fewer manufacturing work at jobss now than in 1979, with the hardest hit sectors in primary and fabricated metals, machinery, electrical and transportation manufacturing, textiles, apparel, provisions and the petroleum industry.