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By Doug Cunningham

The Center for Economic and Policy Research says workers will lose an estimated total of $1 trillion as a result of the Great Recession. In its new report called The Trillion Dollar Wage Deficit, the center says that African American and Latino workers are being especially hard hit. Economist John Schmitt says unemployment in 2010 and 2011 will cost workers more in lost wages and salaries than we’ve lost this year. The Center for Economic and Policy Research says from the standpoint of jobs, we’re not even one third of the way through this recession.