It’s now becoming cutting edge conventional wisdom that oversized financial service industries are bad for your economic health. Yet the media is only occasionally and timidly is willing to say that what is good for Jamie Dimon is bad for the rest of us.
Read more...Leonhardt reinforces the myth that family form causes low social mobility, a disservice to the real debate about what causes family change
Read more...Technology advances have hollowed out middle-skill jobs, often forcing those workers into less-well-paid work. That trend is set to intensify.
Read more...We thank readers for their considerable, valuable input on a recent call to action and discuss how we plan to use their ideas.
Read more...We are now 35 years into a finance-led counterrevolution. If you care about income inequality, student loan debt slavery, foreclosure abuses, and other products of the success of this effort, it behooves you, as Sun Tzu urged, to understand your enemy.
Read more...An important element of how income inequality is becoming institutionalized in the US.
Read more...Robots that replace workers are being prototyped in more and more areas, including some highly-paid professions.
Read more...The Wall Street Journal, of all places, describes the dark economic underbelly of Uber and other Orwellianly-named “sharing” services.
Read more...One of the common rhetorical tropes supporters of the Trans-Pacific Partnership have used to sell it is to declaim all prior trade agreements as inferior, relative to this bright, shiny and new deal. Ron Wyden, the Democrat in Congress most responsible for moving TPP through, gave a particularly juicy example of this yesterday.
Read more...TAA, a training program for workers displaced by TPP, would be funded by money diverted from Medicare. It doesn’t work, either.
Read more...The real fight against Fast Track authorization will take place in the House. but the Senate sellouts should be made to feel the wrath of their constituents.
Read more...Housing costs are beyond the reach of many middle class earners. And while that is no news, housing has been the engine of past recoveries. So inflated home prices are part of why the economy will stay mired in low growth.
Read more...Cameron thinks he’s riding a major victory, and he will now be called upon to deliver on his election promises, which just so happen to include a deepening and acceleration of austerity measures.
Read more...Why Bernie Sanders is a real contender, and how his campaign threatens Democratic party apparatchiks.
Read more...Will the TPP, as some critics have charged, pave the way to fascism?
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