Don’t “Buyback” Fair Labor Standards
Why the Schumer/Sanders bill on stock buybacks isn’t a very good instrument for improving labor rights and work standards.
Read more...Category Archives: The destruction of the middle class
Wolf Richter: My Fancy-Schmancy “Fed Hawk-o-Meter” Ticks Down, Still Red-Lines. In Passing, Fed Plants Seed for Removing “Patient”
Not surprisingly, given economic weakness in Europe and China plus Trump trade war saber-rattling, the Fed seems less gung ho about the health of the economy than it was last summer.
Read more...Opioid Crisis Shows How Economic Inequality Kills
Opioid abuse has strong economic roots, namely despair resulting from desperation in struggling communities.
Read more...France’s Institutional System Favours Rebellion Against Its Leader
The gilet jaunes movement proves that France’s political and budgetary centralism, the source of citizens’ feelings of abandonment and revolt, must be reformed.
Read more...Amazon Drops New York City Headquarters Plan in a Snit
Does the testy abandonment of its New York City “HQ2” scheme mean we’ve hit Peak Amazon?
Read more...Is the Opioid Overdose Crisis a Story of Supply or Demand? Depends Where You Look
Economic distress in rural areas and opioid exposure in cities are key indicators of overdose deaths.
Read more...And Now This Message From Some Very Rich People: ‘Please Raise Our Taxes’
Some wealthy people point out they wouldn’t even notice, much the less mind, the sort of increases in taxes now under discussion.
Read more...How Neoliberalism Is Normalising Hostility
Tracing how neoliberalism has corroded social values.
Read more...Servaas Storm: The Bogus Paper That Gutted Workers’ Rights
For years, governments in India and much of the developing world have followed the advice of a paper arguing that labor regulations actually hurt workers. The problem? The research was wrong.
Read more...Bernie Sanders’ “Raise the Wage Act” Would Make Life Better for 40 Million Americans: Analysis
A new Economic Policy Institute report also debunks the myth that raising the federal minimum wage primarily helps teenagers working for spending money
Read more...The American Tax Debate
Economists weigh in on the tax proposals by Alexandria Ocasio-Cortez and Elizabeth Warren.
Read more...African-Americans’ Economic Setbacks from the Great Recession Are Ongoing – and Could Be Repeated
African-Americans still trail badly in average income and wealth.
Read more...The Real Reason Stock Buybacks Are a Problem
Chuck Schumer and Bernie Sanders propose what are actually modest restrictions on corporate stock buybacks to force their to give workers higher priority.
Read more...Take One Leave One – A New Way to Help the Homeless
Homelessness needs political solutions. But as temperatures plummet, communities are also finding a new way to both immediately practically help, and connect with, homeless people.
Read more...Marshall Auerback: In Antitrust, Size Isn’t Everything
Simply breaking up monopolies via century-old economic remedies recommended by antitrust doctrine is insufficient if it is not accompanied by a rebalancing of economic power.
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