Latest Social Democracy, the “Third Way,” and the Crisis of Europe, Part 2
How reformers and labor leaders were co-opted by capitalists waving the Third Way banner.
Read more...Category Archives: Income disparity
Are Our Earnings Really Our ‘Just Deserts’?
Why the idea that wages represent “just deserts,” as in the individual’s contribution to social output, is bunk.
Read more...The Quiet Desperation of Millennials
A new survey on the outlook of Millennials finds they are not happy campers, and for good reason.
Read more...Wolf Richter: “Negative Growth” of Real Wages is Normal for Much of the Workforce, and Getting Worse – New York Fed
The Fed ‘s creative euphemisms for how real wages are sinking for many won’t keep threats like Trump at bay.
Read more...The Nobel Prize in Economics: How It Took a Hard Neoliberal Turn
How the so-called Nobel Prize in economics came to validate neoclassical thinking, even as it failed in Sweden.
Read more...The Impact of Minimum Wage Changes on Infant Health
Why analyzing minimum wage increases solely in terms of labor market impact is shortsighted.
Read more...Popular Acceptance of Inequality Due to Brute Luck
People don’t mind inequality due to “brute luck”…but is one man’s brute luck another man’s rigged system?
Read more...Report: New Data Disproves US Corporations’ False Narrative on Taxes
A new study on corporate tax havens shows how multinational corporations avoiding U.S. taxes represents a transfer to them from workers.
Read more...Income Inequality in a Globalising World
Absolute inequality around the world has increased, challenging the purported benefit of globalization.
Read more...Negative Effects of Immigration on the Economy
Working through explanations as to why US immigration has been negatively correlated with growth.
Read more...Academic Penury: Adjunct Faculty as the New Precariat
The perilous status of adjuncts, who serve as contingent faculty.
Read more...Don’t Celebrate Just Yet: Median Household Income In a 20-Year Decline
Recent statistics from the US Census Bureau show improvement from 2014-2015, but in reality, wages are in a real decline and no mechanisms have been put in place to prevent another crash, says economist Richard Wolff
Read more...How the SEC Enabled the Gross Under-Reporing of CEO Pay
Why CEOs are even more grotesquely paid than you thought.
Read more...Bill Moyers: We, the Plutocrats vs. We, the People: Saving the Soul of Democracy
National treasure Bill Moyers describes the rise of inequality and America’s descent into plutocracy, reflecting wisdom acquired over six decades of thinking and writing about American politics.
Read more...The Slave Power, Slave Credit, Slave Labor
Book reviews of Slavery’s Capitalism and This Vast Southern Empire, with some thoughts on their relevance to our own day.
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