President Obama on 'the new economy' 1 year ago

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The next wave of economic dislocation will come from automation not trade, President Obama said in his Jan. 10 farewell address.

"We must forge a new social contract," he said, "to guarantee all our kids the education they need; to give workers the power to unionize for better wages; to update the social safety net to reflect the way we live now and make more reforms to the tax code so corporations and individuals who reap the most from the new economy don’t avoid their obligations to the country that’s made their success possible," he said.


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