At a meeting with bloggers before last week's Building The New Economy conference, AFL-CIO President Rich Trumka talked about how we have developed two economies, one real and one financial. more »
It's fairly common to refer to the world's wealthier nations as industrialized nations, though with the advent of outsourcing and widespread export-oriented development strategies, that term isn't as precise as it used to be. more »
It's remarkable how often economists ignore physical reality. Whether they're suggesting that economies can act as perpetual motion machines or suggesting that resource availability is meaningless to economic growth, I'm always prompted to think they should make science classes a mandatory part of the economics curriculum. more »
This chart from the Bureau of Labor Statistics' report on occupational outlooks, with data from 1996-2006 and projections from 2006-2016, shows job numbers for goods-producing industries. You can see the precipitous drops in manufacturing, as well as the declining rate of increase for construction. The job sectors where people make things, including apparel manufacture and all other production work, are doing poorly and are expected to continue to do poorly.
Yesterday, I looked at what Michael Moore's call for a democratic economy would mean at the national level. Today, I wanted to look at what it means at a smaller scale, at individual workplaces and for the values that each of us carries around. more »
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