Even McKinsey Gets It: High Wages Improve Economic Performance
McKinsey is turning on neoliberal orthodoxy by advocating high employment, high wage, high demand policies.
Read more...Category Archives: The destruction of the middle class
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.
Read more...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.
Read more...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.
Read more...Priceless Moments: How Capitalism Eats Our Time
Market economy to you: “All your time are belong to us”
Read more...All Guns, No Butter: Military Contractors as Welfare Queens
The Trump budget is particularly shameless in providing more pork to the military despite the absence of any genuine pressing need.
Read more...Killing a Parasite — Canceling Student Debt, Part 1
How student debt is killing its host.
Read more...It Will Take a Political Revolution to Cure the Epidemic of Depression
How cultural developments, like shallow personal connections and authoritarian workplaces, feed the rise in depression.
Read more...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.
Read more...Beat the Right Wing Framing: How to Make the Case for a Better, Fairer Economy
The right has been winning the PR wars on economic issues. A major UK research project has some ideas for how to turn that around.
Read more...The Dystopian Technologies Being Used to Control Workers
Big companies are surveilling workers more intensively than ever and using that to create high tech sweatshops.
Read more...Don’t Want a Robot to Replace You? Study Tolstoy
Why having explored the humanities is a career plus.
Read more...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.
Read more...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.
Read more...Growth-Equity Trade-Offs in Structural Reforms
There is a fear that certain reforms could further exacerbate inequality….
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