What explains Kamala Harris’s poor numbers with voters who belong to unions? The decline in real wages for union members under Biden may have something to do with it.
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.
Doyinsola Oladipo and Mrinmay Dey
Reuters/USA Today
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.
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.
Josh Eidelson and Gabrielle Coppola
BloombergBusinessweek
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.
Dean Baker
Center for Economic and Policy Research
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.
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