Portside

Poverty is deepening, the standard of living is declining in the US, wages remain stagnant and inequality is worsening. Meanwhile the national unemployment rate has hit historically low levels. What explains this anomalous state of the US economy?

Billionaire fund managers and their firms must pay for the damage they’ve caused. Toys “R” Us workers need immediate severance pay—if Bain and KKR were to forgo their predatory profits, each worker would receive about $15,000 in severance, a pittance for what in many cases is a lifetime of diligent

The American Dream, should be one of equality and inclusion, with fundamental rights of all Americans guaranteed. Unionization as a seamless aspect of democratic society; universal collective bargaining and full employment an essential policy goal.

“Our nation is moving toward two societies, one black, one white – separate and unequal.” Fifty years ago, on March 1, 1968, these were the grim words of the National Advisory Commission on Civil Disorders, called the Kerner Commission after its chairman, Gov. Otto Kerner of Illinois. Today the situation is worse.

America has a long, complicated track record of dreading that robots would take our jobs.

The number of people deemed to be at risk for poverty and social exclusion is at 27.9 percent.

Based on recent economic developments, the super-rich don’t have much to complain about. Yet, the super-rich face the problem of how long people are going to tolerate a situation in which just eight men possess the same wealth as half the world’s population.

There is no evidence that automation leads to joblessness or inequality

Benchmarks to beat in order to claim policy-driven improvements to American wages and employment

Until recently, any proposal to "save" Europe was regarded sympathetically, albeit with skepticism about its feasibility. Today, the skepticism is about whether Europe is worth saving. The European idea is being driven into retreat by the combined force of a denial, an insurgency, and a fallacy. progressives need to ask a straightforward question: Why is the European idea dying? The answers are clear: involuntary unemployment and involuntary intra-EU migration.