The recovery has been slow, but not because of Europe's debt crisis, Wall Street, or high taxes. American consumers, whose spending is 70 percent of economic activity, don’t have the money to buy enough to boost the economy.
The Triangle Shirtwaist fire 100 years ago today gave impetus to the US labor movement, which gathered broad public support. But today, unions aren't seen as positively.
Union protests in Wisconsin have intensified pressure on Governor Scott Walker's bold plan to curtail public-sector union power. For the sake of fiscal health, Wisconsin should go even further by prohibiting all collective bargaining in the public sector.