Category Archives: Income disparity

Stock Buybacks Hurt Workers and the Economy. We Should Ban Them.

The Reagan Administration ushered in stock buybacks as legalized manipulation. Time to put it to an end.

MIT Study: Median Uber and Lyft Profits Less Than Half Minimum Wage; 30% of Drivers Lose Money

Yes, it is now official: you really are engaged in exploitation when you use Uber or Lyft.

With Official Unemployment This Low, Why Are Wages Rising So Slowly?

Why has wage growth been lousy in a supposed recovery? Thank your politicians for fostering the growth of the precariat.

Bill Black: Once a Poster Child for Austerity, Latvia Becomes a Hotbed of Corruption

Bill Black discusses how in two years Latvia has morphed from poster child for austerity for the financial press to a nest of banking corruption.

“Life in the Sweatbox,” Personal Bankruptcy, and the Narrative of Utilitarian Calculus

The false narrative that made personal bankruptcy law so hellish

Technology Change Not the Culprit in Wages Falling Behind US Productivity Gains

Larry Summers and Anna Stansbury challenge the idea that workers getting a smaller cut of the productivity gains pie is due to technology.

Law Professor Proposes Bringing Back Indentured Servitude

Indentured servitude is the new idea for how to get immigrants to come to American at less than minimum wage pay.

Growth-Equity Trade-Offs in Structural Reforms

There is a fear that certain reforms could further exacerbate inequality….

The Free Market Threat to Democracy

Democracy is not under stress – it’s under aggressive attack, as unconstrained financial greed overrides public accountability.

Financial Markets Have Taken Over the Economy. To Prevent Another Crisis, They Must Be Brought to Heel.

A detailed and well-argued explanation of how the growth in the role of financial markets has become destructive.

Government Shutdown Once Again Shows the Lies Behind Deficit Hysteria

How the wealthy use deficit scaremongering to keep wages down and stave off calls for more investment and social spending.