A New Era of Endless Labor Shortages? A Critical Analysis of McKinsey’s New Report
A McKinsey report focusing on an extremely high job vacancy ratio in recent years cherry-picks data about the state of the U.S. labor market.
Read more...Category Archives: Income disparity
Biden Twists in the Wind as Big Donors Close Wallets, Party Criticism Persists Despite Clampdown, and Pelosi Questions His Decision to Continue
Despite reports of ruthless Biden efforts at containment, calls for him to withdraw from the 2024 race grow.
Read more...“Tariffs Don’t Protect Jobs. Don’t Be Fooled.”
More discussion of tariffs as the US is using to whack Chinese imports, above all EVs.
Read more...Orbán Shuttle Diplomacy Highlights EU Representation Problem but Not in the Way the Pro-war Crowd Claims
EU diplomats deride Orban for conducting diplomacy, but polls show that Europeans are increasingly in favor of a negotiated end to the war.
Read more...Why the US Doesn’t Have National Health Insurance: The Political Role of the AMA
Documenting the role of the AMA in blocking public health care in the US.
Read more...The Biden Donor Convention
Big donors and Biden are duking it out as to whether he goes or stays. How much does it matter that voters are visibly disenfranchised?
Read more...US Fed-Induced World Stagnation Deepens Debt Distress
US and Fed bad cooking has led to weak growth the world, and by urging poor countries to borrow at once-low rates, debt distress.
Read more...Michael Hudson: We Need a New Political Vocabulary
Yves here. Thank the persistent and very long running campaign to move the values of the US to the right for the hollowing out of the meaning of traditional political labels that Michael Hudson describes below. It can’t be said often enough that the change in the where the center was perceived to sit was […]
Read more...The New Curse of Critical Minerals
An updated look at the classic resource curse.
Read more...Project 2025 Architect Signals Bloodshed If Left Opposes Trump-Led ‘Revolution’
The “second American Revolution” underway will “remain bloodless,” said the head of Project 2025 “if the left allows it to be.”
Read more...After the European Elections: Fiscal Policy is the Elephant in the Room
Fiscal pressures are set to intensify battles among shifting European leadership groups as to how much to spend and on what.
Read more...Finance Healthcare, Not Insurance Premia
A new study finds that revenue-funded healthcare is cost-effective, efficient, and fair, while all health insurance has avoidable excess cost
Read more...Union ‘Effects’ on Hourly and Weekly Wages: A Half-Century Perspective
Even with union power diminished, union members still benefit from higher weekly pay than non-members.
Read more...The Fed’s “Chicken Run”: Why Sticking with High Rates Will Crash the Economy
How the Fed is acting like James Dean in the famous “chicken run” auto race in Rebel Without a Cause.
Read more...Analysis Shows How Surging Stock Buybacks Bolster Case for Corporate Tax Hike
The magnitude of corporate cash going to stock buybacks suggests reversing the Trump tax cuts poses little real economy risk.
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