Category Archives: The destruction of the middle class

James Galbraith: China and Supply Chains – The White House Review’s Focus on US Dependence

Despite brave talk about restoring manufacturing in America, extended supply chains and the position of China are insurmountable impediments.

Unions Demand Pelosi and Schumer Include Lower Medicare Age, Drug Pricing Reform in Infrastructure Plan

Unions urge Biden and Congress to include expanded Medicare eligibility and prescription drug pricing reform in the infrastructure plan.

Biden Taps Lina Khan to Chair the FTC

Hours after the Senate confirmed her nomination to the FTC, Biden tapped noted Big Tech critic Lina Khan to chair the agency.

There Is No Labor Shortage, Only Labor Exploitation

Conservatives and corporate employers are weaving an insidious web of myths, lies and exaggerations to justify maintaining low-wage jobs.

The United Mine Workers Strike at Warrior Met Coal

The issues and the cast of characters at Warrior Met Coal.

Rethinking Unemployment: From Adam Smith to Marx “Reserve Army of the Unemployed” to the Neoliberal War on Full Employment

Unemployment as a balancing act between workers ‘fearing the sack’ and employers ‘fearing the quit,” with employers usually winning out.

Bob Pollin: Modest Inflation Is Good for Workers

If inflation is linked to higher wages, that’s not bad for workers, says Bob Pollin of the Political Economy Research Institute in Amherst.

When Is a Co-Op Not a Co-Op? When Vested Interests in California Want to Keep Platform Workers From Having Power

California Assembly Bill 1319 is a convoluted scheme to create so-called co-ops designed to keep gig workers disempowered.

What if Large Businesses Are Really Macroeconomic Entities?

Mega businesses are a huuge problem. But what to do?

Larry Summers Doubles Down On His Inflation Prediction

Unfortunately, Larry Summers still gets attention, most recently for inflation hawkery. Fortunately, it’s not hard to see through him.

How Enforcement of the USMCA Will End a Corporate Race to the Bottom

USMCA, which promised to help American workers by improving labor bargaining rights, is being put to its first road test. Will it perform?

Slack in the Economy, Not Inflation, Should Be Bigger Worry

Despite fear-mongering about inflation, unemployment remains elevated and stimulus is needed to prevent a collapse in demand.