The key to ending extreme poverty is to enable the poorest of the poor to get their foot on the ladder of development. The ladder of development hovers overhead, and the poorest of the poor are stuck beneath it. They lack the minimum amount of capital necessary to get a foothold, and therefore need a boost up to the first rung.
Once, a union job at GM or AT&T was a bridge to success. Now, a nonunion Wal-Mart job is a bridge to nowhere.
Interpretation
What this quote means
The quote highlights the decline in job quality and security of nonunion jobs compared to union jobs in the past.
Andy Stern's quote reflects on the changing landscape of employment in America, illustrating how positions that once provided a pathway to success and stability, particularly in unionized companies like GM or AT&T, have been replaced by low-wage, nonunion jobs at places like Wal-Mart that offer little hope for advancement or financial security. It comments on the erosion of the middle class and the shift towards precarious employment that lacks benefits and job security.
Themes
In practice
Example use cases
In a speech about economic reform, one might cite this quote to illustrate the need for better job security.
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