Grassroots Fight for $15 Movement Has Won $150 Billion in Raises for Millions of Workers, Study Shows
The campaign to raise the hourly wage to $15 has been racking up successes, even if the press doesn’t much take notice.
Read more...Category Archives: The destruction of the middle class
Wolf Richter: After Slashing 33% of Workers in 6 Years, Railroads Complain about Labor Shortages, amid Uproar over Slow Shipments
Railroads are finding it difficult to hire workers and their labor shortfall has prevented them from meeting transportation demand
Read more...FTC Votes 5-0 to Crack Down on Companies For Thwarting Right to Repair
FTC issues new policy statement announcing a tougher enforcement stance on company repair and warranty practices.
Read more...Artificial Intelligence Wants You (and Your Job)
Yves here. Two things about increased automation frost me. One is its stealth or main purpose as forcing planned obsolescence. So irrespective of the impact on job/labor content, any savings won’t necessarily accrue to users. Two is automation/AI serving as an excuse to shift costs and tasks onto consumers. How many times do customer service […]
Read more...Financial Times: “Things Could Fall Apart for Biden”
Even Biden loyalists are getting nervous.
Read more...DoJ Bankruptcy Trustee Lambastes Provisions to Protect Sacklers in Purdue Bankruptcy Exit Plan as “Illegal”
Feds weigh in on Purdue bankruptcy plan, raising possibility that Sacklers won’t get off more or less scot-free for their role in the opioids crisis.
Read more...Biden Targets Non-Compete Agreements, Which Restrict the Job Opportunities of Millions of Low-Wage Workers
Biden goes after non-compete agreements….but will this effort make a difference?
Read more...Bureau of Labor Statistics (Non) Reporting Tallies 8 Strikes in 2020 Versus Payday Report’s >1200
Tiny Payday Report does the Bureau of Labor Statistics to shame in tracking strikes in 2020. What gives?
Read more...Michael Hudson Discusses Financialization, Rentierism, and Other Favorite Topics with Jessi Ora of Swedish Positiva Pengar Group
Michael Hudson gives another wide-ranging, tour de force interview. Enjoy!
Read more...Understanding the Opioid Epidemic: When Innovation Fails, or Rather Works Too Well
The opioid crisis provides a deadly example of why innovation often is simply a new-fangled form of predation.
Read more...Purdue Bankruptcy Plan Moves Closer to Approval: Sacklers Would Make Out Well and Preserve Much of the Family Fortune, Despite the Opioids Crisis
Last week fifteen states dropped opposition to Purdue Pharma’s bankruptcy exit plan, making it likely the plan will be approved when it comes before a federal bankruptcy judge in August.
Read more...An Independence Day Reflection: How the Rich Plan to Rule a Burning World
How do the rich intend to carry on as general conditions deteriorate?
Read more...Yanis Varoufakis: Techno-Feudalism Is Taking Over
Varoufakis describes techno-feudalism and speculates on where it is going.
Read more...Biden Classifies Opposition to ‘Capitalism and Corporate Globalization’ As Extremism
The definition of what extremism amounts to becomes more, erm, inclusive as our elites feel more threatened. What are the possible end games?
Read more...J & J Agrees to Pay New York $230 Million to Settle Opioids Lawsuit; Global Settlement Soon?
New York State and J & J Agree on an opioids settlement, which should increase pressure for a global, multi-state settlement with the opioids industry.
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