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The Exploitation Time Bomb

Jayati Ghosh Project Syndicate
Worsening economic inequality in recent years is largely the result of policy choices that reflect the political influence and lobbying power of the rich. There is now a self-reinforcing pattern of high profits, low investment, and rising inequality

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Why Wealth Gap has Grown Despite Record-long Economic Growth

Christopher Rugaber ABCNews (Associated Press)
As the wealth gap has widened, income gains have remained anemic for Americans at all levels for the past decade. Many economists argue that what's needed is simply higher incomes so more Americans can save and build wealth.

Media Bits and Bytes - June 18, 2019

Portside
Byron Allen v. Comcast goes to SCOTUS; Rightist Media Power; T-Mobile-Sprint Merger; Tech Economy Brings Inequality; Media Workers Unionize; "When They See Us"; Readers Call Out NYT Warmongering

To Save Democracy, We Need Class Struggle

Adaner Usmani Jacobin
The historical record is clear: democracy was only won when poor people waged disruptive class struggle against the rich. We'll need more of it to save democracy today.

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What the Strike Ahead of Uber's IPO Exposes About American Inequality

Alana Semuels Time
One group who won’t benefit much from Uber’s IPO: its drivers, who numbered 3.9 million at the end of last year. They are likely to see their pay worsen as the company strives to become more profitable while facing public shareholder pressure.

About that April 2019 Jobs Report

Dean Baker, Sarah Karp Center for Economic and Policy Research, WBEZ
Aspects of the report are disturbing. Over the last year, the black unemployment rate has risen 0.2 percentage points to 6.7 percent and the white unemployment rate has dropped 0.4 percentage point to 3.1 percent. The rise is all among black men.
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