Economy

Strong Unions Will Boost America's Economy

Rana Foroohar
Financial Times
The labour share of the overall economic pie is at a post-second world war low, which is an enormous problem in an economy that is 70 per cent dependent on consumer spending. The demise of the traditional union movement (which represents only 10.7 per cent of the American workforce today, half of what it was in the early 1980s), is one of the biggest contributors to that problem.

Capital, Crisis, and Corbyn

Michael Roberts
Jacobin
The results of the UK election are a disaster for the British ruling class. The UK economy is set to enter a period of stagnation at best. The OECD’s economists are already forecasting that the UK economy will slow down to just 1% next year as Brexit bites.

State Unemployment Rates by Race and Ethnicity Show Recovery Expanding but Still Leaving Stubborn Pockets of High Unemployment

Janelle Jones
Economic Policy Institute
The African American unemployment rate is at or below its pre-recession level in 11 states: Arkansas, California, Illinois, Indiana, Michigan, Mississippi, New Jersey, New York, North Carolina, Ohio, and South Carolina. However, a return to pre-recession levels in these states is barely a recovery: in all of these states, black unemployment rates were above 8.0 percent before the recession.

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