Obama agrees on the need for more economic leverage

It's good to know President Obama agrees with my argument, and language, for increased economic equality through increased economic leverage.   Check out my article "The need for Greater Economic Leverage" (http://voices.yahoo.com/the-greater-economic-leverage-12069168.html), which offers something a little different than the traditional perspective and language we hear on economic disparity, then watch Obama's August 28th, 2013  interview on the PBS News Hour  (http://www.pbs.org/newshour/bb/white_house/july-dec13/obama_08-28.html).

From his interview....

"But the – what is both troubling but also, I think, gives me a greater sense of urgency is the fact that this is a trend that’s actually been going on for a couple of decades now. As I mentioned in the speech, you’ve got technology that has reduced manufacturing jobs that used to be a foothold into the middle class, that has reduced things like bank tellers or travel agents that used to provide a good middle-class livelihood, and the new jobs that have been produced don’t pay as much. You’ve got global competition, jobs being shipped overseas.

All these things reduce the leverage that workers have, and as a consequence, it’s a lot harder for every worker – black, white, Hispanic, Asian – to ask for a raise. And employers know that. And companies are making great profits, but they’re not reinvesting."-President Barack Obama