Nothing else has been able to stop the decline in workers’ bargaining power. The decline in unions seems to be directly related to the decline in wages and the separation between … Continue reading Stronger Labor Unions Could Do a Lot of Good – Bloomberg
In reality there has been a class war, in which [corporations] spent decades using the state to undermine workers, writes Guardian economics editor Larry Elliott Interesting article that discusses how attacks … Continue reading Think our governments can no longer control capitalism? You’ve been duped
The largest two categories of America’s fastest-growing jobs offer some of the country’s lowest wages and weakest benefits. Over the next 10 years, analysts expect to see 1.2 million more jobs for home health aides and personal care aides, according to a report from the Bureau of Labor Statistics The problem is … Continue reading The fastest-growing jobs in America pay about $22,000 a year
Bank of America doesn’t know what it’s talking about, Chipotle says. The average Chipotle worker makes $9/hr. This is why being listed on the stock market is bad for employees, as it … Continue reading Bank Downgrades Chipotle, Complaining It Pays Workers Too Much. Chipotle Says That’s Bunk.
Much of the developed world has experienced stubbornly low real wage growth since the financial crisis of 2007. Here’s why, and what can be done. Good reading. Source: Why You’re Not Getting … Continue reading Why You’re Not Getting a Raise
Target’s decision to raise its pay to $15 an hour destroys this argument from the naysayers, says NELP general counsel Paul Sonn. If a discount retailer with paper thin margins can do … Continue reading Target’s $15 an hour move ‘blows up’ minimum wage myths-commentary
(Reuters) – Chinese textile firms are increasingly using North Korean factories to take advantage of cheaper labor across the border, traders and businesses in the border city of Dandong told Reuters. The clothes made in North Korea are labeled “Made in China” and exported across the world, they said. Using North Korea … Continue reading North Korea factories humming with ‘Made in China’ clothes, traders say | Reuters
This chart captures the rise in inequality better than any other chart that I’ve seen. Income gains used to go to the bottom part of the population but are now only going … Continue reading Our Broken Economy, in One Simple Chart – The New York Times
All economic growth is going to the top 1%. All of it. That’s why the stock market is through the roof yet wages have gone nowhere. Source: You’re not imagining it: … Continue reading You’re not imagining it: the rich really are hoarding economic growth – Vox
The Case for Continued Expansionary Policy at the Fed, a new paper from the Roosevelt Institute, economist JW Mason argues that the real problem is that all economic growth is captured by … Continue reading American wages are so low, the robots don’t want your job
The plight of low-wage workers is real. The percentage of American full-time minimum-wage workers who can afford to rent a one-bedroom apartment in any U.S. state without being what the government calls … Continue reading Only 0.1% of US minimum wage workers can afford a 1-bedroom
The Federal Reserve is struggling to hit its annual inflation target for the sixth straight year, suggesting that, once again, it may be too optimistic about the health of the economy. There … Continue reading U.S. Inflation Remains Low, and That’s a Problem?