by Dave Johnson | Dec 20, 2012 | Blog
US manufacturing wages are competitive, but wages are not the only reason companies might not be coming back. The Bureau of Labor Statistics released a report this week, International Comparisons of Hourly Compensation Costs in Manufacturing, 2011, that debunks the...
by Terrance Heath | Dec 20, 2012 | Blog, Chained CPI
Yesterday, I posted that progressive leaders in Congress are saying "No Deal" to "fiscal cliff' deals that cut Social Security benefits while cutting the wealthy yet another break on taxes. Today, that list is growing, as more progressive join what's beginning to look...
by Richard Eskow | Dec 19, 2012 | Blog, The Sequester
The President's latest budget offer slashes a 95 year old retiree's Social Security benefits by more than nine percent -- and trims the defense budget by less than one percent. Nancy Pelosi insists that these benefit reductions aren't "cuts," which is consistent with...
by Isaiah J. Poole | Dec 19, 2012 | Blog, Economy, Minimum Wage
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 million Americans who have been unemployed for more than 27 weeks. The roughly 7...
by Terrance Heath | Dec 19, 2012 | Blog, Chained CPI
Progressives in Congress aren't falling for the trick that Washington is using to cut Social Security in the "fiscal cliff" negotiations. Instead they are raising their voices against the insanity of Democrats committing political suicide by: destroying their...
by Dave Johnson | Dec 19, 2012 | Blog
Does a city "save money" by outsourcing good-paying jobs to a company that pays crap wages? The people who had good-paying jobs are out of work, replaced by people in low-wage jobs, and the rest of us feel the downward pressure on our wages and benefits as the race to...
