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
Apparel company Able wants to hold the fashion industry accountable for working conditions–by publishing the salaries of everyone in its supply chain. This is great. Source: Why this clothing company is making … Continue reading Why this clothing company is making its factory wages public
Stronger unions, better training and more housing in expensive cities might all help Unions really are the key. Source: If wages are to rise, workers need more bargaining power – Free exchange: … Continue reading If wages are to rise, workers need more bargaining power – Free exchange: Power is money
The tax cuts were supposed to allow corporations to raise wages. Instead they used the money to buy back their own stock (helping the rich stockholders) and wages have gone down. Source: … Continue reading Trump’s Tax Cut Hasn’t Done Anything for Workers
Medieval peasants lived grueling, terrible lives. But their vacation days beat out the policies now common even in progressive societies. That’s progress for ya! Source: Average American worker takes less vacation than … Continue reading Average American worker takes less vacation than a medieval peasant
The economy’s booming. Some states have raised minimum wages. But even with recent wage growth for the lowest-paid workers, there is still nowhere in the country where someone working a full-time minimum wage job could afford to rent a modest two-bedroom apartment, according to an annual report released Wednesday by the National Low … Continue reading A minimum-wage worker can’t afford a 2-bedroom apartment anywhere in the U.S.
When Nick Hanauer was just 7, his father made sure he and his brother knew every aspect of the family business. Today, Hanauer is a self-made billionaire. Hanauer’s business acumen has allowed him to become one of the wealthiest Americans — the so-called 1 percent — but it has also made him … Continue reading Unfiltered: ‘Raising wages [doesn’t] kill jobs. It’s just a thing rich people say to poor people.’