Should Jerome Powell put on his Paul Volcker outfit and push interest rates through the roof? I would argue that, while modest rate hikes are appropriate, it is too soon to bring out the heavy artillery.
The reduction in government jobs during the pandemic continues a long-term trend in the public sector, according to experts, and could lead to the widening of the racial wealth gap in the country if left unaddressed.
Starbucks, McDonald’s, Chipotle, Amazon – all protect profits by making customers pay more. We need the political courage to say they can and should cover rising costs themselves
There is no compelling reason to raise interest rates, now or later.
The wealth workers should have received, had wages kept up with productivity, was instead given to shareholders.
Top 1.0% of earners see wages up 179% since 1979 while share of wages for bottom 90% hits new low
High unionization levels are associated with positive outcomes across multiple indicators of economic, personal, and democratic well-being. Unions give workers a voice at work, and also give workers a voice in shaping their communities
The rise in the index of aggregate hours would be equivalent to more than 630,000 jobs with no changes in workweeks. Drop in unemployment in Novembers were largest for the groups that face labor market discrimination.
U.S. school bus drivers in nationwide strikes over poor pay and Covid risk
Drivers are left ‘begging for better pay’ even as the school bus driver shortage is worsening in the new school year.
A “rigging of the system” that empowered employers over workers was due to policy changes and changes in business practices that systematically undercut workers’ ability to get higher pay, job security, and better-quality jobs.
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