Michael Reich is Professor of Economics and Director of the Institute for Research on Labor and Employment at UC Berkeley. His current research focuses on dynamic models of low-wage labor markets and on the economics of living wages and minimum wages. Among his recent co-edited titles are Labor in the Era of Globalization (Cambridge U.P., 2009) and Contemporary Capitalism and Its Crises: Social Structure of Accumulation Theory for the 21st Century (Cambridge U.P., 2010).
Ken Jacobs is Chair of the Center for Labor Research and Education at the University of California, Berkeley. His are...