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 ... 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 ... 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 ... 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, ... 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 ... 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 ... 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 ... 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 ... 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 ... Read more