Corporate America Likes High Unemployment Rates - It gives companies more leverage over workers, writes Paul Krugman

"Consider the leverage that companies have over their workers amid high jobless rates. Employees are more likely to put up with lousy pay and treatment because quitting isn't much of an option, writes Krugman. As a result, people are working in fear even as corporate profits are surging..."

http://www.newser.com/story/179814/corporate-america-likes-high-unemployment-rates.html