The economic trend that worries me most

And the best way to reverse it.

Friends,

I was secretary of labor 30 years ago when the U.S. economy was producing an average of 200,000 new jobs a month.

I remember holding news conferences on “jobs days” each month. I felt confident about the strength of the economy. What worried me then was that the new jobs didn’t pay well. (A disgruntled worker once called out to me, “Sure, Mr. Se…