The minimum wage would be $16.50 an hour -- $33,000 a year -- if it had kept up with the growth of productivity since 1968. This means 40% of Americans now make less than the 1968 minimum wage, had the minimum wage kept pace with productivity gains.
Two important events took place this week. One was President Obama’s call for a higher minimum wage, which got a lot of attention. The other was a new report which […]
A State of the Union address is always important. It’s the president’s opportunity to tell the nation what he or she plans to do in the coming year. But what […]
President Obama demonstrated his gutsiness in recent months by speaking so many words that craven politicians contend cannot be spoken. These are hot-button words like same sex-marriage, immigration reform, gun […]
The president has little choice but to focus on the central challenge now facing the country – and his emerging progressive coalition today.
You are probably hearing that the Post Office is "in crisis" and is cutting back Saturday delivery, laying people off, closing offices, etc. Like so many other "crises" imposed on us lately, there is a lot to the story that you are not hearing from t
Oscar came to the United States at the age of 16 to work. There were no jobs for him in his native Guatemala, and he felt obligated to help support […]
The United States is in the midst of the most protracted unemployment crisis in modern history, and for vast segments of the population, the recession has never ended. Wages are […]
F. Scott Fitzgerald warned, “There are no second acts in American lives.” And for recent American presidents, second acts have been brutal. The hope of the first act succumbs to […]
Walmart has announced an initiative to buy more American-made goods and hire more than 100,000 veterans during the next five years. This is great. Will they pay the veterans a […]
A growing number Republican Governors are refusing to expand their state Medicaid programs. The Supreme Court weakened the Medicaid expansion written into the Affordable Care Act, when it ruled that […]
Washington is careening off the fiscal cliff smack into the debt ceiling. These mind-numbing mixed metaphors are not the currency of a well-governed nation. Once more, Washington is fixated on […]
Early this morning, the Senate passed the fiscal cliff deal by 89-8, a margin virtually guaranteeing that it will survive in the House.
One of the most maddening features of the current fiscal cliff/fiscal swindle debate is that the chattering class rarely acknowledges the people who have already fallen off the cliff: 5 […]
Some of today’s most greedy are running giant multinationals. Some are just running their mouths. Their stories remind us just how much needs to change, economically and politically, in the […]
Howard Kurtz writes that Americans are "tuning out" the "fiscal cliff" debates in Washington because "the players haven’t gotten serious," about making a deal.
In a surprise move, fast food workers in New York City walked out to strike for better pay. Like Walmart workers a week ago, they are joining the fight to […]
The workers at Walmart have taken the first step. Some have stood up to the immense power of Walmart. This is a crack in the Walmart wall, a crack that can widen and eventually change our economy.
Americans today can take more than inspiration from the struggles against plutocracy that progressives waged years ago. They can take a host of still relevant — and cutting-edge — policy proposals.
You’ve probably heard that Hostess is closing down and putting more than 18,000 people out of work because greedy unions asked for too much. It’s a lie. Ask yourself this: […]
Yes, the poor have struggled mightily while our rich have become phenomenally flush. But middle-income Americans haven’t been able to jump off the treadmill either. We’ve all heard plenty of […]
It’s possible to feel sorry for Mitt Romney, as one human being to another. Apparently he really didn’t believe he could possibly lose and now he’s “shell-shocked.” Guess he didn’t […]
In yet another attack on the minimum wage, New York Times Economix blogger Casey Mulligan argues that the failure of part-time employment to continue to increase at the end of 2009 is proof that the July 2009 minimum wage increase prevented 800,000 part-time jobs from being created.
Mitt Romney was caught on video complaining that 47% of us don't make enough to pay taxes, believe they are victims, are dependent on government, etc. The right question is why do so many of us make so little? Moving Jobs To Places Where People Don't Have A Say
The middle class is the great engine of the American economy, but today that engine is sputtering.
The latest edition of the Economic Policy Institute's "State of Working America" report, out today, documents in sharp detail what has been for the middle-class economy a "lost decade" in which working people have fallen behind.
Michelle Obama's speech last night got rave reviews. (If you didn't see it, you can watch it here.) It was a very well written and well-delivered speech, personal and yet political, subtly showing the differences between the Obama worldview and the Romney worldview.
Last week the Republicans gathered under the hurricane skies of approaching autumn, their convocation punctuated by thunder and underlined by rain.
As Democrats gather in Charlotte, N.C., one fundamental challenge remains in President Obama’s reelection campaign. He must use the convention to provide a compelling answer to the basic question on voters’ minds: What does he plan to do to get the economy going and put people back to work?
What is Labor Day? And why is it a national holiday? Labor Day is our national holiday to celebrate the contribution that regular working people make to our country and our economy.
First, a great music video, We Are The Union, from CWA. I love this one, "Brooklyn Cablevision workers saw through the corporate lies, organized to join CWA, and immortalized the experience in this amazing song."
What do Marie Antoinette and one Bill Koch have in common?
The national leader of one of America's feistiest unions is aiming to expand the economic fairness debate. He's proposing a cap on incomes at the top that rises only if incomes at the bottom rise first.
As the Republican convention approaches, “Etch-a-Sketch” Mitt Romney continues to reshape himself. Overnight, he’s for allowing abortion in cases of rape and incest, after being against it. Now he’s the savior of Medicare after being the scourge of the entitlement society.
The following was originally published by Politico
Everyone agrees that there is only one question on voters' minds: who has a plausible plan to put this economy on the right track? Yet in the most expensive election in recorded history, candidates up and down the ticket aren't offering much of an answer.
Today is a day of action to raise the minimum wage. Legislation is being introduced in Congress to increase the federal minimum wage to $9.80 an hour and index it to inflation so that people at the bottom of the wage ladder don’t keep falling behind.
Economic issues make some people's eyes glaze over, so we'll put this plainly: Today's minimum wage is epic in its injustice and Dickensian in its cruelty. It's a shame that Dickens himself isn't here to write about it. Oh, and we almost forgot: Keeping it this low isn't very smart, either.
Scratch the surface of just about any economic debate this election year, and you'll find one issue that goes all the way to the core: the yawning gap between the 1% and the rest of us, as skyrocketing income inequality.