People and Power – The Technology Threat
Technology advances have hollowed out middle-skill jobs, often forcing those workers into less-well-paid work. That trend is set to intensify.
Read more...Category Archives: The destruction of the middle class
Thanks for Your Helpful Responses to Our Call to Action
We thank readers for their considerable, valuable input on a recent call to action and discuss how we plan to use their ideas.
Read more...Memo to Readers: If You Want to Beat Big Finance, You Need to Be Able to Take the Fight to Their Terrain
We are now 35 years into a finance-led counterrevolution. If you care about income inequality, student loan debt slavery, foreclosure abuses, and other products of the success of this effort, it behooves you, as Sun Tzu urged, to understand your enemy.
Read more...High School Dropout Rates Increase with Income Inequality
An important element of how income inequality is becoming institutionalized in the US.
Read more...8 Ways Robots Are Taking Over Our Jobs and Our World
Robots that replace workers are being prototyped in more and more areas, including some highly-paid professions.
Read more...The Shafting, Um, Sharing Economy
The Wall Street Journal, of all places, describes the dark economic underbelly of Uber and other Orwellianly-named “sharing” services.
Read more...Ron Wyden Calls NAFTA Insufficient Now; In 1993, He Called It a “Vote For Less Pollution”
One of the common rhetorical tropes supporters of the Trans-Pacific Partnership have used to sell it is to declaim all prior trade agreements as inferior, relative to this bright, shiny and new deal. Ron Wyden, the Democrat in Congress most responsible for moving TPP through, gave a particularly juicy example of this yesterday.
Read more...Senate Democrats Work with Republicans to Throw Medicare Under the Bus as Part of TPP Fast Track Sausage-Making
TAA, a training program for workers displaced by TPP, would be funded by money diverted from Medicare. It doesn’t work, either.
Read more...Give the Democratic Trade Turncoats Hell Over Fast Track Vote
The real fight against Fast Track authorization will take place in the House. but the Senate sellouts should be made to feel the wrath of their constituents.
Read more...Wolf Richter: How Soaring Housing Costs Impoverish a Whole Generation and Maul the Real Economy
Housing costs are beyond the reach of many middle class earners. And while that is no news, housing has been the engine of past recoveries. So inflated home prices are part of why the economy will stay mired in low growth.
Read more...Ilargi: Will Austerity Be the Straw that Breaks the EU AND the UK?
Cameron thinks he’s riding a major victory, and he will now be called upon to deliver on his election promises, which just so happen to include a deepening and acceleration of austerity measures.
Read more...Gaius Publius: Sanders Raises $3 Million in Four Days; Will He Split the Party?
Why Bernie Sanders is a real contender, and how his campaign threatens Democratic party apparatchiks.
Read more...TPP: The “Fascism” Issue
Will the TPP, as some critics have charged, pave the way to fascism?
Read more...The Persecution and Assassination of the People of Greece as Performed by the Inmates of the Troika, Under the Direction of the Eurogroup
A new paper shreds the myths that justified the misguided application of austerity and wage-rate reduction policies in Greece and the Eurozone.
Read more...After Shocking Fundraising Totals, Bernie Sanders Defends European-Style Socialism
Bernie Sanders’s presidential bid is already creating more of a stir than expected. He is not just running against Clinton. He’s targeting an entire system.
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