‘Why We Need Medicare for All’: Boeing Revokes Health Benefits for Striking Workers
Boeing management continues its intransigent, now punitive, posture towards its union, after years of squeezing pay, risking the company
Read more...Category Archives: The destruction of the middle class
The Fed and the “Soft Landing” – Policy or Luck?
The Fed has little to do with the fall in inflation. Limited labor bargaining power and easing supply chain problems were more important.
Read more...What We Can Learn from Gen Z Workers
Rather than blame young workers for bad attitudes, we need to understand why Gen Z prioritizes its well-being over company health.
Read more...Brown Bananas, Crowded Ports, Empty Shelves: What to Expect if There’s a Big Dockworkers Strike in the US
East and Gulf coast dockworkers are about to strike against low wages, unsafe working conditions and the threat of automation while the ruling class demands Collective Biden to intervene.
Read more...CBO: GOP Social Security Plan Would Cut Benefits by Thousands, Not Extend Solvency
The CBO releases an analysis of a Project 2025-adjacent plan to reduce Social Security benefits. The “reforms” don’t improve fund solvency!
Read more...Cheapflation and the Rise of Inflation Inequality in 2021-2023
Big companies victimized poor consumers via cheapflation: imposing greater price increases on low price goods than higher priced items
Read more...Local Decline and Populism
Would prettying up small city high streets in decline ward off dreaded right wing populism?
Read more...Boeing Faces Cash Crunch and Ratings Downgrade as Machinists Union Goes on Strike
Boeing is in a staredown with its machinists’ union over pay and other issues. With downgrade possible, what are the odds of a bailout?
Read more...The EU Retreats Further into a World of Self-Delusion
Mario Draghi calls for Europe, decimated by self-inflicted energy crisis and social austerity, to go on borrowing spree to pay for endless fight against Russia.
Read more...Is US Policy Saving the Dollar or Destroying It?
How the global economy is being restructured, in no small measure due to inept, self-destructive policy moves that undermine dollar use in trade.
Read more...The First Year of Georgia’s Medicaid Work Requirement Is Mired in Red Tape
How Georgia’s Medicaid work rules are operating as planned.
Read more...Can We Afford the Welfare State?
Unpacking why the obstacle to preserving the welfare state is not national income or demographics but rentiers increasing their take.
Read more...Official US Poverty Rate Declined in 2023, but More People Faced Economic Hardship
The arguably better official measure of US poverty says the poor are getting poorer.
Read more...The Persistent Human Costs of Deindustrialization: Lessons from the Collapse of the British Coal Industry
Deindustrialization has terrible consequences to the communities suffering from shut-downs, including future generations.
Read more...Wall Street Journal Tries to Analyze Not-Great Data on US Immigration, Generating Reader Pushback
An attempt by the Wall Street Journal to mine data on immigration falls short by not providing strong enough caveats.
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