Tag Archives: jobs

Social inequality and the war against the working class

Social inequality and the war against the working class
The staggering growth of social inequality—to the point where less than 100 people control more wealth than the bottom 3.5 billion people on the planet—has destroyed any social basis for democracy. What is emerging from the crisis and decay of capitalism is a new form of aristocratic privilege and political reaction. The only alternative is socialism—the expropriation of the wealth of the ruling class, the transformation of the corporations ... Read more

Diary of a young co-op startup: the importance of collaboration

Diary of a young co-op startup: the importance of collaboration
I have had moments where I would give anything to have a "normal job", with someone to tell me what to do, when to do it and to praise me for it. I have found myself valuing what I did in my paid work higher than the time I spent on AltGen, because the rest of society valued that more, too. There seems to be an inherent value in work, but not on the impact that work has on society. Can you relate to the experience of a friend posting on ... Read more

THE SUBPRIME EDUCATION CRISIS

THE SUBPRIME EDUCATION CRISIS
Oh dear. We appear to have what might be termed sub-prime student loans on which there are rising defaults. In fact it is possibly worse than sub-prime mortgages, because unlike mortgages, delinquent student loans cannot be written off in return for asset seizure. The borrower is stuck with the debt – possibly for life – while the lender, i.e. the US government, receives nothing. Really it is the worst of all possible worlds. Read more

The Ownership Society: An Alternative to the Minimum Wage

The Ownership Society: An Alternative to the Minimum Wage
The global economy, as well as the national economy, will continue to bifurcate into a rich/tech track and a poor/non-tech track due to continual technological invention and innovation that will destroy and/or replace old non-tech jobs. Whether or not raising the minimum wage is harmful and will cause less employment should be discussed within the larger scope of economic inequality. The proposed measures are at best a sedative to ease the ... Read more

Who’s Really To Blame for Unemployment?

Who’s Really To Blame for Unemployment?
Guided by the mythology of the “American dream”—the idea that, given the opportunity, the deserving will excel and rise above their peers—politicians often attribute unemployment to a mystical “skills gap.” If people can’t find a job, the logic goes, they clearly weren’t fit to be hired. As a consequence, many legislators tout specialized training programs or education reforms as possible solutions to America’s seemingly intractable jobs ... Read more

Obama’s Address Fails to Look at Roots of Income Inequality

Obama’s Address Fails to Look at Roots of Income Inequality
It's important that we restore the minimum wage. We're not talking about raising it. We're talking about restoring it. Back in the mid '60s, it was almost $11 an hour. And education is certainly very important and too much neglected in this country. We put huge barriers to bright but poor and middle-class children getting first-rate educations, especially at college. But we have much more fundamental problems than that. Many of these ... Read more

Verizon Strike Highlights Union Effect on Middle Class Jobs

By Kari Lydersen In These Times, August 15, 2011 Verizon employees rally in Boston’s Post Office Square on the steps of the Verizon building on July 31, 2003.   (Photo by Douglas McFadd/Getty Images) State officials nationwide — most prominently governors Scott Walker in Wisconsin and Chris Christie in New Jersey—have attacked unionized nurses and teachers as overpaid, as part of a larger campaign against public sector unions. Now ... Read more

Is Capitalism Doomed?

By Nouriel Roubini Project Syndicate, August 15, 2011 NEW YORK – The massive volatility and sharp equity-price correction now hitting global financial markets signal that most advanced economies are on the brink of a double-dip recession. A financial and economic crisis caused by too much private-sector debt and leverage led to a massive re-leveraging of the public sector in order to prevent Great Depression 2.0. But the subsequent recovery ... Read more

The Economics of Barack O’Hoover

Obama’s Belief in the Market Economy By Paul Street Counterpunch, August 15, 2011 Pity the poor, powerless, increasingly unpopular president – a pitiful pawn of the plutocrats and the profits system he has done so much to serve and protect.  Nearly five years ago, in the misleadingly titled book that pre-announced the launching of his presidential candidacy, Barack Obama grounded the United States’ supposed distinctive “greatness” in ... Read more

The S&P Downgrade Market Plunge Myth

By Dean Baker Huffington Post, August 15, 2011 The Wall Street crew that wants to cut your Social Security and Medicare benefits are sensing that victory is in sight. They have managed to knock jobs completely off the agenda and have made deficit reduction the near exclusive focus of economic policy in Washington. They are now setting the stage to have the Congressional “super-committee” produce a deal that will mean large cuts ... Read more