It is perhaps fitting that an immigrant from Taiwan who once ran the Peace Corps and United Way is tasked with helping improve the labor skills of the U.S. workforce. As overseer of America's retirees and 150 million workers, Secretary of Labor Elaine Chao, 52, spoke with TIME's Eric Roston about the impending pension crisis, the growing skills gap and life as half of a Washington power couple.
YOU SAID RECENTLY THAT UNLESS CONGRESS REFORMS TRADITIONAL PENSION PLANS SOON, THE CONSEQUENCES COULD BE "VERY BAD." IF I'M A WORKER APPROACHING RETIREMENT AT A TEETERING COMPANY, WHAT DOES "VERY BAD" MEAN? If...
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