The Mega Rich Are Getting Mega Richer: A Former CEO Exposes the Corruption Behind Their Obscene Paychecks
Discusses broader economic effects of gross income inequality– driven by obscene CEO pay rises.
Read more...Category Archives: The destruction of the middle class
The US Retail Crisis
America is undergoing a retail sector crisis, partly related to the increase of competition from online commerce. We review this debate.
Read more...Barriers to Entry: On Bar Exams and Supreme Court Seats
California to lower passing score for its state bar to increase; Judge Posner suggests Supreme Court seats should be open to non-lawyers.
Read more...Rising from the Ashes, a Buffalo Suburb Ends its Dependence on Coal
Environmental, labour, and community efforts meshed in working-class Tonawanda to create plan for future after its coal-fired plant closed.
Read more...The Retirement Wealth Inequality Machine
A fine, high level description of the retirement problem in the US, coupled with a not-as-stellar remedy.
Read more...Lee Camp: Enjoy the Trump Show While Wall Street Pillages the Country
Trump’s Wall Street allies are pleased that the press isn’t paying much attention to market froth and rising debt as he pushes deregulation.
Read more...Ben Bernanke, in Denial? “When Growth is Not Enough”
Bernanke is selling the idea that things aren’t that bad….which is true if you are in the top 20%, which he also kinda acknowledges…
Read more...Why You Should Never Use a Supply and Demand Diagram for Labor Markets
Showing how using default models for labor markets is a dumb idea.
Read more...Poverty, Crime and Causality
A Swedish study has some novel findings on the relationship between crime and poverty.
Read more...Economics of the Populist Backlash
Populist movements are the regular result of trade-induced economic dislocations and distribution. So why were economists surprised?
Read more...The Slogan ‘Globalization Equals Growth’ Is Wrong
Looking at different types of globalization helps explain why it isn’t necessarily beneficial.
Read more...Inequality: How We Got Here, and What Should Be Done
More discussion of the causes of rising inequality and possible remedies.
Read more...Some People “Would Rather Have 1st Class Seats on the Titanic Than Change the Course of the Ship”
Why it is necessary to depose Democratic party leaders like Pelosi and Schumer to have any chance of winning class and climate change wars.
Read more...CFPB Lambastes Student Loan Servicers for Thwarting Public Servant Debt Relief
CFPB report details errors and practices of student loan servicers that will bar borrowers from qualifying for debt forgiveness.
Read more...It’s Not (Just) the Working Class. It’s the Service Class
Why the way for Democrats to regain political power is to target the service class…assuming they can bring themselves to do that.
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