Productivity Does Not Explain Wages
As long as we believe the neoclassical productivity farce, we will know nothing about what causes prices.
Read more...Category Archives: The destruction of the middle class
Sanders Report Shows How Millennial Generation Is ‘Being Punished With Crushing Student Debt and Low-Paying Jobs’
Sanders commissioned a GAO report on how high student debt levels and lousy wages translate into poor economic prospects for young people.
Read more...After the Argentina Debacle, the IMF Endorses Weakening Capital Controls in Ecuador
The IMF is backing a tax reform bill in Ecuador that will enable capital flight and further austerity.
Read more...As Rural Americans Struggle for Health Care Access, Insurers May Be Making Things Worse
How health insurers discriminate against rural communities.
Read more...Bill Black: Lawrence O’Donnell Aims at Buttigieg, But Hits New Democrats
A takedown of the New Democrats’ love of austerity.
Read more...A National Disgrace’: Trump Proposes Social Security Change That Could End Disability Benefits for Hundreds of Thousands
While you were distracted by impeachment theatrics, Trump creates more obstacles to keeping Social Security disability benefits
Read more...Virginia Supreme Court Upholds Ruling that George Mason University Foundation Is Not Subject to State FOIA Statute, Leaving Koch Funding Details Undisclosed
Virginia Supreme Court allows Koch influence to remain undisclosed; the decision has yet to attract much media attention.
Read more...Don’t Blame Corbyn or Brexit: Labour Failed To Rage Against the Hated Political System
A take on why Labour failed.
Read more...There is No Economics Without Politics
Debunking the pretense that the economics discipline is neutral or objective.
Read more...As NLRB Delivers ‘Victory’ to McDonald’s, Docs Reveal Fast Food Giant’s Dirty Anti-Union Tactics
McDonald’s does not play nice.
Read more...Tories Rout Labour; Corbyn to Depart; SNP Also Wins Big, Setting Up Long-Term Dissolution Struggle
A big win for the Tories does not bode well for UK citizens.
Read more...In the Shadow of Impeachment, Neoliberal Democrats Hand Trump a Victory With USMCA (“NAFTA 2.0”)
By Thomas Neuburger. Originally published at DownWithTyranny! Donald Trump discussing the new NAFTA trade deal (source) If Trump gets re-elected, if Big Tech continues to evade accountability, if imperial adventures continue abroad, if migrant farmworkers cannot feed their families, you can trace it back to this Tuesday, and the actions a House Speaker took while […]
Read more...Among U.S. States, New York’s Suicide Rate Is The Lowest. How’s That?
What has New York done to lower its suicide rate?
Read more...The “Fixing Capitalism” Headfake
Why most plans to create a kinder, gentler capitalism fall way short.
Read more...Payday Lenders Offering Installment Loans to Evade Regulations – But They May Be Even Worse
When is a payday loan still pretty much a payday loan? When it’s an installment loan with annual interest rates over 100%.
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