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labor

Profits Are Soaring. Workers’ Share of Income Is Sinking.

Conor Lynch Jacobin magazine
Working people’s share of national income has fallen to a record low, even as corporate profits soar to unthinkable new heights. The trend reflects decades of eroded worker power, and reversing it will take a revitalized labor movement.

Wage Suppression in 10 Charts

Elise Gould, Hilary Wething Economic Policy Institute
Wages make up a large share of income for most U.S. working families, lost wage growth meant sluggish income growth. There was one group where wage growth, and income growth, was substantial: the top 1%, whose wages skyrocketed 182% since 1979

How the Global Food Economy Is Killing Children

Vijay Prashad Tricontinental
Every year unsafe food causes 866 million illnesses and 1.5 million deaths, with young children suffering nearly a third of all cases of foodborne disease-the predictable outcome of a food economy organised around profit rather than the right to food

The Threat of Big Insurance

David Dayen The American Prospect
The industry is hugely lucrative, with endless sums of cash to influence lawmakers. A new report tracks 25 years of health insurance industry donations.

Why Mainstream Economics Got Inflation Wrong

James K. Galbraith Project Syndicate
Leading economists' misdiagnosis of inflation in 2021-22 was the latest episode in a long-running series of failures. Either mainstream economists need to re-examine their core beliefs, or the profession needs a new mainstream.
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