real wages

Happy New Year From The Economic Populist!

Happy New Year from the Economic Populist!  Let's hope 2014 is better economically for most of us as 2013 was another real dog for most of America.  Wall Street was on fire and the investor class made out like bandits while real robust job growth still has not materialized.  2013 is the year the middle class was completely ignored.  Still broke, still jobless or working with low wages and eroding worker's rights, America's middle class was pummeled yet again.

Twinkies, Pensions, Real Wages and Poverty

wonder breadThe loss of the Hostess Twinkie is a symbol of a new era for the American worker. Chemical cupcakes usher in the race to the economic bottom, where the new business operandi is the stripping of worker wages and benefits. Gone are middle class incomes and lifestyles for most. Here are temporary jobs, no benefits and assuredly no retirement. America has been sliced, and diced, just like Wonder Bread.

House of Cards

During the Clinton years much was said about "bridging the digital divide." On Charlie Rose recently Leo Apotheker, CEO of German software giant SAP referred to enterprise-wide computer networks as a "nervous system." In listening I drifted back to the time just before the event of 9-11. What if government computers (at C.I.A., F.B.I., etc.) had all been able to "talk" and share/analyze/intelligate aggretized data? What if there had been an interchangeability and exchangeability? Aren't these largely the kind of "hi-tech" public works projects we need in today's economy?