The Struggles of the Working Poor
Though not surprising, here’s a report that puts some facts behind a grim picture: Low wages, inadequate benefits, and limited work supports leave one-in-five people (nearly 41 million) in working...
View ArticleThe Coming Recession
Millions of workers have already been facing their own personal recession for a long time, whether or not the classic definition of a national recession has been met, or found, by the official...
View ArticleThe Coming Recession
Millions of workers have already been facing their own personal recession for a long time, whether or not the classic definition of a national recession has been met, or found, by the official...
View ArticleHow Workers Are Losing, Particularly African-Americans
Here are a few ways clues that show very clearly the hit many workers are taking. The UAW has had to go on strike against American Axle after talks broke down late last night over a new contract....
View ArticleHow Workers Are Losing, Particularly African-Americans
Here are a few ways clues that show very clearly the hit many workers are taking. The UAW has had to go on strike against American Axle after talks broke down late last night over a new contract....
View ArticleBanks, Not Home Owners, Will Make Out Like Bandits
Just to take a break from my focus on trade, there has been a lot of discussion about how to handle the crisis facing homeowners. I know this will shock everyone but many of the proposals floating...
View ArticleBanks, Not Home Owners, Will Make Out Like Bandits
Just to take a break from my focus on trade, there has been a lot of discussion about how to handle the crisis facing homeowners. I know this will shock everyone but many of the proposals floating...
View ArticleIf You Rely On Statistics, You Can’t See How Bad It Is
A pet peeve of mine has been the way in which government statistics mislead us–and that is even without actual lying by politicians and their operatives. Take the Gross Domestic Product–it only...
View ArticleInto The Abyss: Millions Face Old-Age With No Savings
It was probably pretty obvious but there is a damning report out yesterday that paints a stark picture: the collapse of the housing bubble has created a savings and retirement crisis for millions of...
View ArticleWhat To Do About The Fannie and Freddie?
Yours truly is on a plane here early in the morning so this is a quick post. But, it’s a weighty and worthwhile promo for a great statement by Dean Baker from the Center for Economic and Policy...
View ArticleChicken Little Squawks Again
It’s just about that time–the new scare about Social Security. And so The New York Times rolls out its scary story: Even as Congress hunted for ways to finance a major expansion of health insurance...
View ArticleThe U.S.-Europe Comparison
One of the things I find most tiring–and there are, granted, many candidates for that list–is the refrain that "well, things may be bad in the U.S. but look how much worse it is in Europe?" I get...
View ArticleWall Street: Cough Up $350 BILLION For The People
One of the biggest challenges that we face as a country is not that we lack money or wealth–we have plenty of money. Rather, we have a distorted set of priorities and an ideological frame that walls...
View ArticleDump The Cap
It’s a funny thing, though obvious, that when you actually look at all the hand-wringing about budget shortfalls and Social Security funding, it always comes down to the same issue: are the richest...
View ArticleThe Fund’s Follies
The obsession over balancing budgets and reducing debt is a foolish global exercise at a time when people need governments to spend more money to create jobs and demand. And one of the great wizards...
View ArticleWork Less, Better For The Planet
No more “I ate bad food last night” or “the kid kept me up at night with a fever” as excuses to stay away from work. It’s to save the planet I’m staying home. I’m just being cheeky a bit. Because there...
View ArticleBlack College Graduates Finding It Even Tougher
I meant to share this from last week. “Young black workers with college degrees have fared better than their less-educated peers, they have a higher unemployment rate and are more likely to find...
View ArticleGive Me That Leave
One thing you won’t hear any chest-beating about from rabid patriots: the need for paid family and medical leave. See, too many of them care only about stuff that makes the country seem big by either...
View Article$300 BILLION Robbery of Workers And Counting: Why We Need $20-An-Hour Minimum...
Tick, tick, tick, tick…every minute that goes by is another minute workers are being robbed–in particular, those people forced to work for the slave-like minimum wage. And if you looked back just five...
View ArticleYour Taxes Went Up…Yawn…Shrug…Good News For Social Security!!!
In case you didn’t notice, your taxes went up at the beginning of 2013–and you probably didn’t notice. Nor did most of the country. And that’s a good thing for Social Security. My friend Dean Baker...
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