The Wageless Recovery

wall street inflation

Robert Reich: The question on everyone’s mind: Will the Fed signal it’s now more worried about inflation than recession?

States Playing with Enforcement-Only Fire Likely to Get Burned

anchor-baby-wide

Seth Hoy: Perhaps if state lawmakers listened to their constituents and considered the economic consequences, they might realize that playing with enforcement-only immigration is a surefire way to burn down your state’s economy.

The Real News on Jobs

trickle-down-wide

Robert Reich: Conservative economists have it wrong. The underlying problem isn’t that so many Americans have priced themselves out of the global/high-tech labor market. It’s that they’re getting a smaller and smaller share of the pie.

Should Public Workers Make Concessions?

walker and the union

Shamus Cooke: War has been declared on unions and some labor leaders are pretending that they can offer concessions to appease their attackers. Unfortunately, this strategy has failed for years, and is in fact why the right wing felt confident enough to officially declare war.

How Democrats Can Become Relevant Again

entertainment-wide

Robert Reich: Republicans offered Democrats two more weeks before the doomsday shut-down. Democrats countered with four. Republicans held their ground. Democrats agreed to two. This is what passes for compromise in our nation’s capital.

How to Win in Wisconsin and Beyond

wisconsin-protests-wide

Shamus Cooke: Democrats all over the country are cooperating with Republicans in launching a massive attack on the wages and benefits of public employees, scapegoating them for the deficits caused by Wall Street’s recession and the corporate sector in general, the real “base” of the Democrats.

The U.S. Economy in 2011

Jobs in the New Year

Robert Reich: The two American economies — the Big Money economy and the Average Working Family economy — will continue to diverge. Corporate profits will continue to rise, as will the stock market. But typical wages will go nowhere, joblessness will remain high, the ranks of the long-term unemployed will continue to rise, the housing recovery will remain stalled, and consumer confidence will sag.

Selling Us Our Own Economic Demise

One Wise Man

Jim Fuller: With the super rich now in control of the White House and Congress, they have begun an attack on a whole new set of goals, and those people are determined. Sherman’s march to the sea was a tea dance by comparison.

Wage Theft: Thou Shalt Not Steal From Your Workers

expendables

David Love: Scrooge arrived just in time for the holidays, with Social Darwinism, bootstraps, slashing and cutting as a prescription for all our woes.

The Lessons of Harry Reid

Brent Budowsky: President Obama can rejuvenate his presidency by mobilizing every weapon against the aggressive war being waged against him, while seizing the high ground by offering Republicans a genuine role in a national unity program that the majority of voters want.

Discouraging News

Ron Wolff: So, will someone please explain to me how CEOs getting wealthy and average workers being cheated out of hard-earned wages is part of the American dream?

Corporate America: Don’t Kill the Goose that Lays the Golden Egg

golden egg

Tracy Emblem: America has always been the land of opportunity which is why Corporate America must begin to renew its investment and partnership in our nation’s job force and keep America’s promise to keep the American Dream within reach.

Janitors Protest: A Rally Against Economic Injustice or A Public Nuisance?

Sylvia Moore

Sylvia Moore: These protests were just the latest expression of outrage among the working classes across the country, who have suffered massive job losses and wage stagnation, while failing bank behemoths who wrecked the economy got bailed out to the tune of billions of dollars.

New Study Shows Immigrants Boost Wages And Productivity

migrant workers

Andrea Nill: The study conclusively states, “there is no evidence that these effects take place at the expense of jobs for workers born in the United States.”

Pushing Working People Down

strike

Jim Fuller: Probably the most obvious example so far of how the very rich are using this economic downturn to consolidate their power is the strike by 305 hourly workers at the Mott’s apple juice plant in upstate New York.

Obama’s Delusions: The Economy and Iraq

08202010

Shamus Cooke: The hundreds of billions of dollars that Obama will use to wage war in Iraq and Afghanistan could just as easily go to create jobs in the United States: public works could be financed by the government, as they were during the last Depression, that directly create jobs.

Student Anti-Sweatshop Activists Win Historic Breakthrough

USAS students celebrate with factory workers

Randy Shaw: Numerous experts argue that the global “race to the bottom” is inevitable and beyond the power of activists to change. Fortunately, student anti-sweatshop activists ignored these claims, and have now defied the conventional wisdom.

Report on the Benefits of Immigrant Legalization Falls Short

Photo by me and the sysop.

Immigration Impact: A wide range of economic studies—studies which consider legalization’s impact in both the long term and in context to comprehensive immigration reform—conclude that legalization does in fact benefit both native-born and immigrants alike.

Main Street Needs a Hand

Doing nothing on jobs

Tracy Emblem: Some say government should not be in the business of creating jobs. They are wrong. The government is the custodian of the public land and buildings. All improvements thereto benefit the people. President Roosevelt put people to work improving the public lands with roads and structures when the U.S. had 25-percent unemployment. In 2008, economists warned the government that we could suffer that again if we did not bail out Wall Street. Well, now, Main Street needs a hand.

The Real News About Jobs and Wages: An Ode to Labor Day

woot

If we’ve learned anything from the Great Recession-Mini Depression of the last 18 months, it’s that the skewing of income and wealth to the top has made our economy far less stable.

The Fed and Authoritarian Capitalism

greenspan

Chinese authoritarian capitalism, on display this week in Beijing, has me thinking about America’s democratic capitalism and how we practice it. Start with the U.S. economy’s most powerful government agency: The Fed, of course. Its decision this week to hold short-term interest rates steady was wrong, in my view; it should have lowered them because [...]

Si Se Puede: Anti-Labor Legislation

Kevin Lynn

Once again the Bush Administration and Congress are shilling for big business at the expense of labor. Labor much like capital is ruled by the law of supply and demand. According to the UFW website , last month more than 5,000 UFW supporters sent e-faxes to the Department of Labor (DOL) telling them instead of [...]

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