Contrary to what some economists think, we are living in what we could call the GoFundMe Economy. Twenty-seven percent of adults have no emergency savings; only 44% could pay for an emergency expense of $1,000 or more.
The strike comes as 40,000 Unite Here hotel workers across 20 cities face expiring contracts this year. Negotiations for new four-year contracts have been taking place since May; about 15,000 of those workers have authorized strikes in 12 markets.
Tim Walz is seen as a champion for workers. But how have they actually done under his leadership? Pretty well.
Flight attendants from United, Alaska, American, Southwest and other airlines picketed at major airports on Tuesday. Flight attendant unions are seeking pay increases and compensation for work during boarding.
The UAW’s newish president won Detroit auto workers their best deals in decades. Now he’s out to organize Tesla and the rest of the industry’s EV jobs.
Despite an apparent upsurge in labor militancy, unions made no gains in their share of the workforce last year. Something needs to change — and fast.
Since President Biden took office, the media have run a constant stream of news stories about how high various prices were and telling their audiences that this has led to mass suffering.
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.
Increased militancy after pandemic sacrifices and tighter labor market contributed to impressive contract deals in the last year.
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