The late anthropologist David Graeber, who wrote about the 5,000-year history of debt, spoke about a strange paradox of being indebted. “The first effect of debt is to create isolation, shame, [...]
While for-profit health insurers have reported record-high earnings this year amid the coronavirus pandemic, small companies across the U.S. are reporting difficulty paying premiums for their [...]
“Two well-known and highly respected mainstream economists, Carmen Reinhart, a chief economist for the World Bank, and Vincent Reinhart, chief economist for Morgan Stanley bank, have recently [...]
On this week's Economic Update, Prof. Wolff discusses the following: Denmark's new taxes on banks and rich people to help workers doing dangerous jobs; West Virginia AG sues Walmart and CVS for [...]
The inefficiencies and problems caused by the U.S. system of tying access to health insurance to specific jobs are well known. The downsides of employer-based health insurance access have been [...]
MGM Resorts is laying off 18,000 people as an unchecked pandemic leaves economic scars across a broad swath of U.S. industries, particularly those that rely on healthy crowds of people.
The [...]
By James Myall, Maine Center for Economic Policy. -
There’s no relationship between expanded Unemployment Compensation payments and individuals’ likelihood of returning to work, according to two recent studies. One, by researchers at Yale [...]
In the midst of an enormous, unavoidable increase in national unemployment, the $600 per week unemployment benefit increase that has sustained millions is set to run out at the end of this month, [...]
According to newly released Bureau of Labor Statistics (BLS) figures, 47.2 percent of working-age Americans were without work in May, the highest level recorded since the end of World War [...]
The capitalist class in the United States now wants to force unemployed workers to take a job, any job, no matter how dangerous or low paid. This attack on workers’ incomes drags down the economy [...]
Buried at the bottom of the Bureau of Labor Statistics' May jobs report—which President Donald Trump and Republican lawmakers touted Friday as evidence that the U.S. economy is rebounding from [...]
The federal government squandered the time the states spent in lockdown. We still face a national shortage of COVID-19 test kits and PPE and there is no nationwide testing or contact tracing [...]
Like the financial meltdown of 2007–08, the deepest economic crisis since the Great Depression and a period of political radicalization, this period will dawn a new epoch in struggle. The [...]
Lee Camp sits down with Vijay Prashad, the executive director of The Tricontinental: Institute for Social Research. They discuss how the US failed in the face of the coronavirus pandemic, the [...]
Congress created special unemployment benefits so that laid-off workers could stay home while the coronavirus pandemic rages outside, but the Trump administration wants states to make sure that [...]
