On Friday, President Obama chose Nike headquarters in Oregon to deliver a defense of the Trans-Pacific Partnership. It was an odd choice of venue. Nike isn’t the solution to the problem of stagnant wages in America. Nike is the problem.
As I travel around America, I’m struck by how utterly powerless most people feel. The companies we work for, the businesses we buy from, and the political system we participate in all seem to have grown less accountable.
America’s “flexible labor market” is the envy of business leaders and policy makers the world over. There’s only one problem. The new flexibility doesn’t allow working people to live their lives.
The rise of “independent contractors” Is the most significant legal trend in the American workforce – contributing directly to low pay, irregular hours, and job insecurity.
I used to believe in trade agreements. That was before the wages of most Americans stagnated and a relative few at the top captured just about all the economic gains. The fact is, trade agreements are no longer really about trade.
Presidential aspirants in both parties are talking about saving the middle class. But the middle class can’t be saved unless Wall Street is tamed. The Street’s excesses pose a continuing danger to average Americans.
Insider trading has also become commonplace in corporate suites, which is one reason CEO pay has skyrocketed. If Congress and the Securities and Exchange Commission wanted to reverse this, they could. But they won’t.
America can’t tackle widening inequality without confronting the power and privilege lying behind it. If the Democratic party doesn’t lead the charge, who will?
Democrats have a choice. They can refill their campaign coffers for 2016, or they can come out swinging. It’s the choice of the century. Democrats have less than two years to make it.
Almost two-thirds of working Americans are living paycheck to paycheck. And they’re worried sick about whether their kids will ever make it. At the very least, they need leaders who empathize with what they’re going through.
Pharmaceutical companies and device makers paid doctors some $380 million over a five-month period in 2013. Drug company payments to doctors are a small part of a much larger strategy by Big Pharma to clean our pockets.
Economic expansions used to improve the incomes of the bottom 90 percent more than the top 10 percent. But starting with the “Reagan” recovery the benefits of economic growth during expansions have gone mostly to the top 10 percent.
Republican populism is growing, as is the Democratic version, because the public wants it. And it’s not only the rhetoric that’s converging. Populists on the right and left are also coming together around six principles.
Since the 1980s, CEO salaries have skyrocketed from 30 to 280 times what typical workers earn. There’s no easy answer for reversing this trend, but a bill introduced in the California legislature creates the right incentives.
Republicans say they won't extend emergency unemployment benefits unless their cost is offset by cuts elsewhere in the budget. But they won't even consider offsetting the cost by closing tax loopholes for the rich.
Before January 2009, the filibuster was used only for measures and nominations on which the minority party in the Senate had their strongest objections.
A basic economic principle is government ought to tax what we want to discourage, and not tax what we want to encourage.
Economic forecasters exist to make astrologers look good. Most had forecast growth of at least 3 percent (on an annualized basis) in the first quarter. But we learned this Monday […]
Prominent Democrats — including the President and House Minority Leader Nancy Pelosi — are openly suggesting that Medicare be means-tested and Social Security payments be reduced by applying a lower adjustment for inflation.
Part of the President’s State of the Union message and of his second term agenda apparently will focus on public investments in education, infrastructure, and basic R&D.