More Hospitals Nearing Breaking Point as Covid Spikes; Skrimping on Nurses’ Pay Made Bad Situation Worse
Nurses get a lot of lip service, but not enough pay or respect, and that contrasted with Covid risks has led to many quitting.
Read more...Category Archives: The destruction of the middle class
Hubert Horan: Can Uber Ever Deliver? Part Twenty-Seven: Despite Staggering Losses, the Uber Propaganda Train Keeps Rolling
How Uber keeps pumping hot air into a financially flaccid business.
Read more...Globalization, Specialization, and the Division of Labour
A new angle on why workers lose out as globalization increases.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Twenty-Six: With No Hope of Real Profits, Uber and Lyft Double Down on Fake Profit Metrics
Uber continues to hemorrhage cash and rack up impressive negative operating margins, yet the press eats up its accounting misdirection.
Read more...Fed Up With Democrats, Thousands March to Demand Medicare for All
More voters recognize that the Democrats will do squat about expanded health coverage like Medicare for All unless they feel some heat
Read more...Grassroots Fight for $15 Movement Has Won $150 Billion in Raises for Millions of Workers, Study Shows
The campaign to raise the hourly wage to $15 has been racking up successes, even if the press doesn’t much take notice.
Read more...Wolf Richter: After Slashing 33% of Workers in 6 Years, Railroads Complain about Labor Shortages, amid Uproar over Slow Shipments
Railroads are finding it difficult to hire workers and their labor shortfall has prevented them from meeting transportation demand
Read more...FTC Votes 5-0 to Crack Down on Companies For Thwarting Right to Repair
FTC issues new policy statement announcing a tougher enforcement stance on company repair and warranty practices.
Read more...Artificial Intelligence Wants You (and Your Job)
Yves here. Two things about increased automation frost me. One is its stealth or main purpose as forcing planned obsolescence. So irrespective of the impact on job/labor content, any savings won’t necessarily accrue to users. Two is automation/AI serving as an excuse to shift costs and tasks onto consumers. How many times do customer service […]
Read more...Financial Times: “Things Could Fall Apart for Biden”
Even Biden loyalists are getting nervous.
Read more...DoJ Bankruptcy Trustee Lambastes Provisions to Protect Sacklers in Purdue Bankruptcy Exit Plan as “Illegal”
Feds weigh in on Purdue bankruptcy plan, raising possibility that Sacklers won’t get off more or less scot-free for their role in the opioids crisis.
Read more...Biden Targets Non-Compete Agreements, Which Restrict the Job Opportunities of Millions of Low-Wage Workers
Biden goes after non-compete agreements….but will this effort make a difference?
Read more...Bureau of Labor Statistics (Non) Reporting Tallies 8 Strikes in 2020 Versus Payday Report’s >1200
Tiny Payday Report does the Bureau of Labor Statistics to shame in tracking strikes in 2020. What gives?
Read more...Michael Hudson Discusses Financialization, Rentierism, and Other Favorite Topics with Jessi Ora of Swedish Positiva Pengar Group
Michael Hudson gives another wide-ranging, tour de force interview. Enjoy!
Read more...Understanding the Opioid Epidemic: When Innovation Fails, or Rather Works Too Well
The opioid crisis provides a deadly example of why innovation often is simply a new-fangled form of predation.
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