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?
Technological change has had more impact on earnings distribution than on demand for workers, study finds The jobs won’t go away, but your earning will continue to go nowhere, fast. Source: Rising … Continue reading Rising Inequality May Be the Real Risk of Automation – Bloomberg
Technology enables employers to erode our autonomy, and lax laws let exploitation thrive It’s not technology that’s been replacing jobs, it’s allowing jobs be outsourced to countries where lax laws allow workers … Continue reading Worry less about robots and more about sweatshops | The Guardian
Migrants being exploited by corporations. Source: (18) Modern-day slaves: Europe’s fruit pickers – YouTube Continue reading Modern-day slaves: Europe’s fruit pickers – France 24
Henry Blodget looks at the lack of income growth for the bottom half of Americans and explains the problems this causes for the economy. That would be ZERO income growth for the … Continue reading There has been no income growth for the bottom half of Americans since 1980
Wage pressure paranoia strikes again. By focusing on this fictitious danger of inflation, meaning, workers might ask for higher wages, the Fed is taking steps to keep MORE people unemployed, thus locking millions … Continue reading The Fed just took action to slow job creation despite low inflation
Worry about income inequality and slow growth before you rage against the machines. The whole excuse that machines replacing jobs is why wages have gone nowhere in the past 40 years is … Continue reading The Robot Takeover Is Greatly Exaggerated
Source: Why Uber Is A Scam – Math Explains Continue reading Why Uber Is A Scam – Math Explains
Weak wage growth continues to hurt workers—and poses a threat to Trump’s presidency. The reason why wages have not grown while corporate profits are through the roof is due to the simple … Continue reading The economy keeps improving. Why aren’t wages?