Looking for a quick fix to the deep inequality that so afflicts us? Stop your searching. We need to strategize instead for the long-term. A riveting new work from a leading historian helps us see how. The 79-year-old corporate gadfly Robert Monks, the former top federal regulator over America’s pension system, earlier this year opined [...]
I told you so. When minimum wage workers in Chicago, IL went on strike, I said that the movement to raise the minimum wage would not go away. When fast food workers in St. Louis, MO walked off the job, demanding better pay and better treatment, I predicted that the movement for a livable wage [...]
After losing the Hispanic vote in the 2012 election, Republicans have attempted to paint themselves as pro-immigration, but it’s all an act. The racist and unrealistic GOP amendments in this legislation show they have no real desire to fix our nation’s immigration system. As the Senate Judiciary Committee debates the hundreds of remaining amendments over the coming months, we must prevent these poison-pill provisions from making immigration reform meaningless. Call your Senators and tell them to fight these poison-pill amendments, and support provisions that actually fix our broken immigration system.
I had the privilege of hearing Dean Baker and Mark Weisbrot speak about austerity the other night and it was as fascinating as you might imagine. I think most people who read this blog wouldn’t be surprised by what they said, but I think many in the audience were people who may be depending upon more mainstream sources and were very surprised — and alarmed — by what they heard. It’s hard to wrap your mind around. The CEPR does yoeman’s work in providing the data and analysis that informs all of us and I’m very grateful for them. And Chris Hayes is also doing something on his show that’s very important — telling stories about how austerity affects real people.
The research discrediting the Reinhart-Rogoff study is upending the economic policy discussion everywhere. Everywhere, apparently, except for HBO’s new series “Vice,” which recently featured Kenneth Rogoff as an expert on austerity.
President Obama is in Texas to launch a “Middle-Class Jobs and Opportunity Tour” that focuses on manufacturing. The president announced an executive order creating three “manufacturing hubs” — Manufacturing Innovation Institutes — with $200 million from the Departments of Defense, Energy and Commerce, and the National Science Foundation and NASA budgets. The president is asking [...]
In a stunning development, the decision by our federal government to raise taxes has also had the amazing effect of simultaneously cutting the budget deficit. As CNN reports: The annual deficit has fallen 32% over the first seven months of this fiscal year compared with same period last year, according to Congressional Budget Office figures [...]
Here comes a surprise. Who is the country’s biggest creator of low-wage jobs? Watch this video to see. From Good Jobs Nation: Our economy is shifting from good-paying middle-class jobs to low-wage jobs. Even as we finally get a monthly jobs report that shows the country creating enough jobs for all the people entering the [...]
The Senate campaign in Massachusetts will be close and hard fought. Ed Markey, the winner of the Democratic primary, knows he has to run a bare-knuckled, knock down, full bore campaign to win. So it is notable that one of the first appeals to his supporters is to enlist them in telling the president that [...]
A century ago, workers were a lot more “flexible” than they are now. Veritable Gumbies in the mills and mines and factories they were, distorting their lives to slog 10 or 12 hours a day, six – even seven – days a week. Then came the 40-hour week. And weekends. And eventually sick days. And [...]