A Debt Reckoning Is Unavoidable

By Aaron Karp, Waging Nonviolence. -

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, [...]

Tens Of Millions More Expected To Lose Employer-Based Insurance

By Julia Conley, Commondreams. -

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 [...]

America’s Current Jobs ‘Great Depression’

By Jack Rasmus. -

“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 [...]

Richard Wolff: The Declining Empire With Chris Hedges

By Richard D. Wolff, Democracy at Work. -

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 [...]

Health Insurance And The COVID-19 shock

By Josh Bivens and Ben Zipperer, EPI. -

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 [...]

A Week Of Mass Layoffs

By Matt Ott, AP News. -

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 [...]

Study: Return To Work Not Affected By $600 Unemployment Boost

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 [...]

Economic Collapse, Pandemic: There Is No Plan (For You)

By Hamilton Nolan, In These Times. -

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, [...]

United States: Record 47.2% Of Working-Age Without Jobs

By Shannon Jones, WSWS. -

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 [...]

Racism, Lack Of Jobs As Workers Face Social Pandemic

By G. Dunkel, Workers World. -

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 [...]

‘Misclassification Error’ Is Making Unemployment Rate Look Lower Than It Really Is

By Jake Johnson, Commondreams. -

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 [...]

Employers Are Behind The Rush To Reopen

By Chris Brooks, LaborNotes. -

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 [...]

Pivot To Mass Struggle: A Lesson From Ferguson

By Ashton Rome, Black Agenda Report. -

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 [...]

Redacted Tonight VIP: How The Virus Beat The US

By Lee Camp, Redacted Tonight. -

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 [...]

Trump Administration Tells States To Yank Benefits From Those Who Won’t Return To Work

By Arthur Delaney, Portside. -

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 [...]

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