Blogs

Using RICO to Stop Union-busting and Restore Wages

Increased productivity no longer has an affect on raising wages, because all the gains go to the top — and the decline of labor unions plays a big part; as well as a tax code that Congress has skewed to mostly favor the very wealthy and large corporations.

Jared Bernstein, former economic adviser to Vice President Joe Biden, recently writes:

Studies show, Congress Favors the Rich

When Hillary Clinton recently borrowed Elizabeth Warren's talking points and claimed "the deck is still stacked in favor of those at the top" against regular working people, did she mention reforming the tax code — and then offer any solutions? The simple answer is "no"; and unless she is ever pressed by the mainstream "liberal" media, she will probably dodge this question the same way GE dodges taxes.

The Long-term Unemployed: Lost, but not Forgotten

According to a new report from the Department of Labor (Trends in Long-term Unemployment), people unemployed in 2014 couldn't count on a college degree to save them from long-term joblessness. The data also show it doesn't matter what industry you work in — and confirmed previous studies, that the longer you're out of work, the less likely you are to get another job.

Job Polarization and Wages (A Visualization)

Economists refer to "job polarization" in the labor force when middle-class jobs (requiring a moderate level of skills) appear to disappear relative to those at the bottom (requiring fewer skills) and to those at the top — requiring greater skills; or those who are better networked and know people in a position of influence. (Below is a simple animation to show how job polarization might look).

Robert Reich's "iEverything" — the Job-Killing iRobot

From his blog: "It’s now possible to sell a new product to hundreds of millions of people without needing many, if any, workers to produce or distribute it ... The ratio of producers to customers continues to plummet ... New technologies aren’t just labor-replacing, they’re also knowledge-replacing ... When more and more can be done by fewer and fewer people, the profits go to an ever-smaller circle of executives and owner-investors ...

Pages