Low Labour Shortages Can Help Explain Sluggish Wage Growth
Real-time indicators based on qualitative survey data provided an overly optimistic picture of labour market conditions and wage growth in the aftermath of the Great Recession.
Read more...Category Archives: The destruction of the middle class
Rana Foroohar and Mark Blyth: How Deep Will the Depression Get?
Rana Roroohar and Mark Blyth discuss the elections, tech, China, and Covid v. recovery with Paul Jay.
Read more...Yanis Varoufakis: How Progressives Could Still Win the 21st Century
Could progressives obtain power through a Progressive International movement?
Read more...Election Violence in November? Here’s What the Research Says
Why worries about violence and worse, fascism come the fall are largely suburban pearl-clutching as opposed to well-founded fears.
Read more...Shareholder Capitalism’s Ugly Legacy
Debunking some of Milton Friedman’s destructive ideas, such shareholders, who only have residual claims in a company, ought to come first.
Read more...How Donald Trump Abandoned Workers After Promising to Bring Manufacturing Back to the U.S.
Restoring manufacturing to the US is a tall order. Not surprisingly, Trump’s approach has been unserious.
Read more...Why Trump’s Promise to Save Manufacturing Was One He Never Intended to Keep
Trump’s promise to save manufacturing jobs and rebuild infrastructure was all bluster, no surprise from the man known for stiffing workers.
Read more...How Hypocrites in High Places Have Contributed to the Riots in the Streets
Why the riots of this summer resulted from the ever-increasing exploitation of low-income Americans, and how a Job Guarantee would reverse this power imbalance.
Read more...Coronavirus Economic Distress Hitting Indebted Professionals
Coronavirus damage is working its way up the economic food chain and is now hitting professionals in a meaninful way.
Read more...It’s Time for a Debt “Jubilee”
Households and businesses are overloaded with debt. Richard Vague offers a set of proposals for how to restructure it.
Read more...How NAFTA Lost Democrats the South
How the New Democrats’ trade deals fractured the multi-racial coalition that Martin Luther King had helped forge in the South.
Read more...Wolf Richter: Unemployment Crisis Going in Wrong Direction: Week 25 of U.S. Labor Market Collapse
Unemployment claims continue to increase, with nearly 20% collecting unemployment insurance. even according to the stringent claims criteria.
Read more...America’s Dire Inequality Demands a New Conceptual Framework. This Economist Has One.
Lance Taylor explains that wage repression — far more than monopoly power, offshoring or technological change — is driving rising inequality.
Read more...Regressive Taxation Must Be Reversed
Discussing taxation proposals by inequality mavens Emanuel Saez and Gabriel Zucman.
Read more...Democracy Scares, from the Destruction of Bryan to the Abdication of Bernie: Why America Desperately Needs a Second Populist Movement but Ain’t Gonna Get One an interview + Review of The People, No! A Brief History of Anti-Populism by Thomas Frank
Thomas Frank explains why populist campaigners face such a hostile environment now.
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