The Great Recession may be over, but every night people are sleeping on benches or in makeshift shelters. Here are a few of their stories.
There is no reason for the Fed should be acting to slow the economy at the slightest hint of more rapid wage growth.
Even though the country’s black market for U.S. dollars has stabilized, the government will need to bring inflation down in order to maintain a stable exchange rate.
A majority of union members today now have ties to a government entity, at the federal, state or local levels. Roughly 1-in-3 public-sector workers is a union member, compared with about 1-in-15 for the private-sector workforce. The typical union worker now is more likely to be an educator, office worker or food or service industry employee rather than a construction worker, autoworker, electrician or mechanic. Far more women than men are in unions.
Developing a democratically oriented alternative to capitalism can’t be done overnight. This work requires a different sense of time and a deep sense of commitment—the bargaining chips are decades of our lives. But the shifts are already happening in places like Cleveland and Boulder. What we’re seeing is the prehistory, possibly, of the next great change, in which a movement is built from the grassroots that becomes the foundation of a new era.
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"Workers increasingly serve businesses that do not officially 'employ' the worker — a distinction that hampers organizing, erodes labor standards and dilutes accountability," said Catherine Ruckelshaus, general counsel for the National Employment Law Project, which advocates on behalf of low-wage workers. A recent Federal Reserve study showed that nearly 7.5 million people who are working part time — contract workers included — would rather have full-time jobs.
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In a weak macroeconomy, the employment rate is a better indicator of labour market strength, since it avoids the arbitrary distinction regarding whether someone is sufficiently "active" in their job search to qualify as being officially "in" the labour market. The erosion of Canada's labour market performance over the last couple of years is not surprising in light of the general stagnation of the main drivers of economic growth in our system.
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