For Medically Vulnerable Families, Inflation’s Squeeze Is Inescapable
Inflation is putting families with big ongoing medical costs under terrible stress.
Read more...Category Archives: Income disparity
Striking a Bargain: Narrative Identification of Wage Bargaining Shocks
Workers and employers bargain over the surplus income generated by an employment relationship. This column uses information about key events in Germany relevant for wage negotiations, like labour strikes and the introduction of a minimum wage, to pinpoint changes in bargaining power between workers and employers. It finds that such wage bargaining ‘shocks’ are important drivers of unemployment and inflation and that their effect on wages is almost fully reflected in prices. Furthermore, they reduce the vacancy rate and increase firms’ profits and the labour share of income in the short run, but not in the long run.
Read more...‘Dictatorship Never Again’: Massive Pro-Democracy Protests Sweep Brazil
Protestors in Brazil want to change the government, end neo-fascism, and ensure Constitutional rights.
Read more...Energy Workers to Stage More Protests as Companies Raise Bills but Not Pay
Employees at Drax, Grangemouth and other energy sites will walk out every fortnight as firms rake in huge profits.
Read more...Oakland-Based Cooperative Builds Community Through Collective Property Ownership
East Bay Permanent Real Estate Cooperative takes historic real estate off the speculative market in West Oakland to help residents.
Read more...Italy’s Upcoming Election and Its Ongoing Neoliberal Project
More on the EU upset over Italy’s move to the right, like the expected success of Brothers of Italy (Fratelli d’Italia) in Sept. elections.
Read more...How Employers Are Trying to Thwart a Wave of Union Drives
Union organizers are making headway, as measured by the more-aggressive cororate efforts to hobble them.
Read more...America, Land of the Dying? Alarming Study Shows U.S. Killing Its Own Population
American became an outlier among rich countries in mortality rates pre pandemic, and Americans are dying younger than their peers abroad.
Read more...Recession Mongers Shocked & Horrified by This Surge in Employment
Perversely, investors want a recession to force the Fed to pivot. But it’s tough to have an official recession with employment growing.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Thirty-One: Uber’s Legitimate Cumulative Losses Top $32 Billion; P&L Improvements Driven by Much Higher Fares and Multi-Billion Dollar Transfers From Drivers to Shareholders
Even big fare hikes and cuts to driver pay have failed to produce profits at Uber. And these pricing changes are not likely to be sustainable.
Read more...Why It’s Essential for Congress to Reauthorize Trade Adjustment Assistance
Workers attest that the Trade Adjustment Assistance has helped them move into new careers when employers offshore jobs. Will it be cut?
Read more...Truss and Sunak’s Reheated Thatcherism Is the Last Thing the UK Needs
Truss and Sunak treat the Iron Lady as their muse, while Labour touts another flavor of neoliberalism, that of Tony Blair.
Read more...Michael Hudson: American Diplomacy as a Tragic Drama
American policies have become astonishingly obvious about not simply putting the US first, but also exploiting supposed partners to do so.
Read more...Left in the Dark: The Families Struggling to Survive Fuel Poverty
The future many in the UK and Europe will suffer this winter: having to choose between food and fuel.
Read more...‘True Cost of Aging’ Index Shows Many Seniors Can’t Afford Basic Necessities
Why aging in the US is worse than it ought to be.
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