Tag Archives: wages

Restauranteurs Ban Tipping, Pay Living Wage

Restauranteurs Ban Tipping, Pay Living Wage
A new restaurant in Philadelphia won’t allow customers to tip its waitstaff. Instead, it plans to pay employees a living wage with generous benefits. By Bryce Covert, www.nationofchange.org Chef Brian Oliveira and co-owner Cristian Mora of Girard Brasserie and Bruncherie, set to open at the end of the ... Read more

The Typical Household, Now Worth a Third Less

The Typical Household, Now Worth a Third Less
Economic inequality in the United States has been receiving a lot of attention. But it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too. The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it ... Read more

On the Causes of Investment Decline in the US Economy

On the Causes of Investment Decline in the US Economy
Is the chronically stagnant US economic recovery since 2009 (predicted in my 2010 book, ‘Epic Recession: Prelude to Global Depression’), the result of insufficient income growth for most households—that is then necessary to stimulate consumption demand that, in turn would result in real ... Read more

Full Employment and the Path to Shared Prosperity

Full Employment and the Path to Shared Prosperity
There are many policies that can reduce inequality, but there is none as straightforward conceptually and as difficult politically as full employment. The basic point is simple: at low rates of unemployment, the demand for labor allows workers at the middle and bottom of the wage distribution ... Read more

Economy slumps, Wall Street booms

Economy slumps, Wall Street booms
Alongside the massive diversion of social wealth to the financial elite, the IMF, World Bank and Fed continue to demand the gutting of past social reforms and protections for workers, in the name of “job creation” and “competitiveness.” Calling for cuts in government subsidies that hold down food and energy ... Read more

Rank-and-File Environmentalism

Rank-and-File Environmentalism
That the emergence of ecological consciousness among coal miners was intimately linked to a union democracy movement isn’t a coincidence. Fighting for democratic, rank and file-run unions is necessary for both opening the space for energy workers to discuss how to confront ecological destruction and to build the ... Read more