Gig economy companies were not true pioneers. The truth behind their dominance is their aggressive market takeovers, aided by their precarious labor model. The piece wage’s effect is to induce workers to toil longer and harder for less.
Across the 13 companies in our analysis, revenue was up an average of 14% over last year, while profits rose 39%. Stock prices rose on average 30% since the end of February. In total...
“There’s a litany of things the Trump administration has done that we have to undo,” said Rep. Andy Levin (D-Mich.), who serves on the House Education and Labor Committee and is a top contender for labor secretary in the Biden administrtation.
Voters were also in favor of taxing the rich and making it legal to smoke weed.
Enthusiasm for strikes, walkouts, sick-outs, and pickets has surged. A new, progressive wing of the Democratic Party, represented by young women of color like Alexandria Ocasio-Cortez and Ilhan Omar—has won the enthusiasm of millions of young people.
The upward redistribution of income has cost Americans workers $50 trillion over the past several decades. On average, extreme inequality is costing the median income full-time worker about $42,000 a year.
US billionaires’ wealth is soaring while millions remain unemployed, creating a country with two economies and increased inequality
Some labor historians say this new militancy resembles the 1930s, when a huge strike wave helped lead to landmark pro-labor legislation and one of the biggest bursts of unionization in American history.
Recent research indicates little progress since the Truman administration.
Four recent studies suggest that higher minimum wage laws might save lives. The newest paper estimated that a $1 increase in the minimum wage led to a 3.4 to 5.9 percent decline in suicides among adults with a high school education or less.
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