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.
The real, inflation-adjusted data show most U.S. workers have not benefited from the growing economy.
Our government’s and corporate media’s failure to capture the true extent of unemployment creates a distorted narrative about work that feeds bewilderment and self-recrimination.
This assault on typical workers’ bargaining power in recent decades has indeed made it harder to spark wage growth. But this doesn’t mean that you give up—it means you try harder!
When an economist confidently tells us that the unemployment rate can't get below 5.4 percent, 5.2 percent, or 5.0 percent without causing the inflation rate to spiral upward, why should anyone have confidence in this assessment?
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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.
Banks and public transport disrupted with at least two people reported dead amid protests across the country.
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