The stark bifurcation of corporate victories and weak labor data raises concerns among economists of jobless growth jeopardizing the U.S. workforce, as well as a K-shaped economy, where the rich get richer while the poor get poorer.
Neil K R Sehgal, University of Pennsylvania and Ashwini Sehgal, Case Western Reserve University
The Conversation
In a new study, we found that legislators who are descendants of slaveholders are significantly wealthier than members of Congress without slaveholder ancestry.
There are now 813 billionaires with $5.7 trillion in wealth, making the ten-figure club even more powerful economically and politically. We need a progressive taxation system to reverse inequality.
Leopold’s new book offers a closer and more detailed look at how wealth extraction occurs, how workers bear the brunt of it, and how this dynamic challenges our political organizing efforts by labor unions and other progressive change organizations.
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The Fed’s pursuit of its 2% inflation target will slow economic growth, repress wage gains, make almost everyone’s job less secure, and put us at risk for a recession.
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