Strengthening them could blunt inequality and wage stagnation. Economists are starting to suspect that unions were a better deal than textbooks made them out to be. Source: Unions Did Great Things for … Continue reading Unions Did Great Things for the Working Class | Bloomberg
German and Japanese auto manufacturers succeed despite sticking to a high-wage model The GM layoffs should not be blithely dismissed as another inevitable casualty of globalization.Nor are they a parable illustrating the … Continue reading General Motors is proof to the world that slashing wages isn’t the ticket to profitability
Millennials are less well off than members of earlier generations when they were young. They have lower earnings, fewer assets, and less wealth, a new Federal Reserve study says. Spending habits of … Continue reading Why Aren’t Millennials Spending? They’re Poorer Than Previous Generations, Fed Says
Thousands of Amazon workers across Europe went on strike on Black Friday in protest over working conditions at Amazon warehouses. Spanish newspaper El Confidencial reported that Amazon met with police officials after … Continue reading Amazon asked Spanish police to intervene in warehouse strike
Unemployment is low and the economy is growing at a healthy pace, but about three-quarters of Americans have financial problems, according to a survey released Thursday by USC and the nonprofit Center … Continue reading Most Americans aren’t financially healthy despite booming economy, survey finds
Raising pay works. Trucking industry players have been complaining for a few years about an acute shortage of labor in their industry, as demand for trucks rises but people resist launching a … Continue reading How to make the economy great again: raise pay
The economy still has room to grow. The answer is that the unemployment rate is based on people looking for work and people working. It doesn’t take into account the number of … Continue reading The US unemployment rate is at a 48-year low—so why are so many Americans still out of work?
The new conservative talking point: There is a broad consensus among economists that large and persistent deficits slow economic growth by lowering savings and investment. Workers are less productive than they would … Continue reading Conservative Intellectuals Have a New and Absurd Theory for Why Wages Aren’t Rising Faster
BI PRIME: A new study by the JP Morgan Chase Institute indicates that the gig economy isn’t paying off for most participants. Driving to Uber just isn’t cutting it. It’s why the … Continue reading JP Morgan Chase Institute study finds the gig economy pays just $828 a month
New data in a research paper for the National Bureau of Economic Research suggests the wage-dampening effect of mass unemployment has been overtaken by the “underemployment” of the gig economy. Unemployment numbers mean … Continue reading “Underemployment”: Misleading unemployment numbers are prompting the Fed and the Bank of England to make a huge errors
Low-income Americans working full-time can’t afford to rent a modest apartment in any state Wow! Source: Minimum wage doesn’t cover the rent anywhere in the U.S. – CBS News Continue reading Minimum wage doesn’t cover the rent anywhere in the U.S. – CBS News
The mantra of shareholder value has harmed the U.S. economy and the American middle class. Let’s kill it. Great article. Since Milton Friedman came up with this stupid idea in the 70s … Continue reading It’s time to put the shareholder value myth in the grave. America will be better off
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