The real unemployment rate is probably somewhere between 10%-12%. Here’s why: the 3.7% is the U-3 rate, per thelabor dept. But that’s the rate only for full time employed. What the labor dept. [...]
What’s the condition of the US working class on this Labor Day 2019? Wages and Jobs are of course the best indicators of that condition. So let’s look at wages and jobs today in America. What we [...]
Americans are not happy, and for good reason: They continue to suffer financial stress caused by decades of flat income. And every time they make the slightest peep of complaint about a system [...]
By Margaret Flowers and Kevin Zeese, Clearing the FOG. -
In a new report, "Dreams Deferred: How Enriching the 1% Widens the Racial Wealth Divide," researchers at the Institute for Policy Studies outline how the racial wealth gap has widened over the [...]
By Margaret Flowers and Kevin Zeese, Popular Resistance. -
Support is growing in the United States for a Green New Deal. Though there are competing visions for what that looks like, essentially, a Green New Deal includes a rapid transition to a clean [...]
The alienation of labor takes many forms, including the outright ownership of slaves. When big mills and factories were introduced under systems of waged labor, elements of judgment and craft [...]
By Kevin Zeese and Margaret Flowers, Popular Resistance
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Ten years ago, there was panic in Washington, DC, New York City and financial centers around the world as the United States was in the midst of an economic collapse. The crash became the focus of [...]
By and large, American workers haven’t been getting the kind of pay raises that history predicts for an economy with such a low unemployment rate. That’s even more astounding when you [...]
By almost every measure, the U.S. economy is booming. But a look behind the headlines of roaring job growth and consumer spending reveals how the boom continues in large part by the poorer half [...]
How do the biggest corporations earn such massive profits? They’d like you to think it’s the result of delivering a superior product or service. But one part of that story is years of wage theft [...]
When it comes to poverty reduction, increasing employment and increasing social spending can both help. But which is the more effective of the two approaches? In this piece, I use data from the [...]
A better indication of how many people have found work is the “civilian labor force participation rate.” By this measure, which includes all people age 16 or older who are not in prison or a [...]
By Helen Blakely and Steve Davies, The Conversation -
Strikes have taken place at McDonald’s and TGI Friday’s restaurants across the UK in recent months. These strikes are the first of their kind in the UK, instigated by a new generation of trade [...]
In 1980 the average CEO-to-worker pay ratio was 42:1. In 2017 the ratio was 361:1. Total CEO compensation averaged $13.94 million last year, compared to just $38,613 for the average production [...]
I have seen the student loan crisis up close from both sides of this polemic. First, as an extremely young student who was “sold” the only way to get an education—in addition to joining the U.S. [...]
