CBO Report Shows Broad Benefits From Higher Minimum Wage

By Heidi Shierholz, Epi.org -

This afternoon, Congressional Budget Office (CBO) released a report assessing the economic impact of raising the minimum wage to $15 in 2025 in six steps (this is a similar policy to the Raise [...]

“Theoretical Lies” Of The World Bank. Developing Countries And The Hidden Agenda Of The “Washington Consensus”

By Eric Toussaint, Globalresearch.ca -

The World Bank claims that, in order to progress, the Developing Countries [1] should rely on external borrowing and attract foreign investments. The main aim of thus running up debt is to buy [...]

25% Of Americans Are “Worse Off” Than They Were Before The Great Recession

By Mac Slavo, Shtfplan.com -

For many, the economic recovery being touted by the mainstream media has not yet affected them. About 25% of Americans say that a decade after the housing bust that caused the Great Recession, [...]

Half Of Americans Are Effectively Poor Now. What The?

By Umair Haque, Eand.co -

There are days I feel like I read dystopian statistics for a living. And then there are day when the dystopian statistics take even my jaded breath away. Here’s one: 43% of American [...]

Global Inequality In A Time Of Climate Emergency

By Tom Athanasiou, Inequality.org -

Something has changed, as most everyone in the climate movement agrees, and we have plenty of signposts that track the shift, from David Wallace-Well’s 2017 New York Magazine piece, The [...]

Revealed: Americans Care More About Social Needs Than Deficits

By John Duda, Opendemocracy.net -

A recent poll from the Democracy Collaborative and YouGov reveals that most Americans are ready to spend more for social needs, even if it raises the deficit. The debate around modern monetary [...]

Eight Reasons Why Inequality Ruins The Economy

By Chris Dillow, Evonomics.com -

I fear, however, that there might be something missing here – the impact that inequality has upon economic performance. My chart shows the point. It shows the 20-year annualized rate of growth in [...]

Packing A Projector: U.S. Activists Stage Light Invasion

By Carey L. Biron, News.trust.org -

WASHINGTON, June 10 (Thomson Reuters Foundation) - The plan of action was nothing new; its outcome was. Soon after sundown, the activists made for the heart of the U.S. capital, set up a powerful [...]

Millennials Are Dramatically Financially Worse Off Than Previous Generations

By Hillary Hoffower, Businessinsider.in -

They have an average net worth of less than $8,000, reported Abha Bhattarai for The Washington Post, citing a new Deloitte study. According to the study, the net worth of Americans ages 18 to 35 [...]

Poor Neighborhoods Need More Than ‘Investment’

By Amadi Anene, Otherwords.org -

Low-income neighborhoods need employee-owned businesses anchored to their communities, not investors looking to make a quick buck. Where some of us see distressed neighborhoods — where families [...]

US Has Regressed To Developing Nation Status, MIT Economist Warns

By Chloe Farand, Independent.co.uk -

Peter Temin says 80 per cent of the population is burdened with debt and anxious about job security  America is regressing to have the economic and political structure of a developing nation, an [...]

In An Unequal America, Empathy, Not Just Housing, Has Become Too Pricey

By Sam Pizzigati, Inequality.org -

In our daily lives, as anyone who keeps a household budget can attest, the unexpected happens all the time. A refrigerator evaporator fan motor fails. Some part on your car you never realized [...]

We Have The Means To Fund Reparations. Where Is The Political Will?

By Dedrick Asante-Muhammad and Chuck Collins, Truthout.org -

Between 1983 and 2016, the median net worth for Black Americans actually went down by 50 percent. Paired with a growing Latinx population that also lags far behind whites in household wealth, the [...]

How Inequality Makes US Poorer

By Staff, Stumblingandmumbling.typepad.com -

My chart shows the point. It shows the 20-year annualized rate of growth in GDP per worker-hour. It’s clear that this was much stronger during the relatively egalitarian period from 1945 to the [...]

When Will The Contented Classes Rise Up In Rebellion?

By Ralph Nader, Commondreams.org -

When will the people who recognize just how bad things have become for the most vulnerable—and the nation at large—unfurl the flag of rebellion against the plutocrats and the autocrats? For all [...]