Tag Archives: wages

Americans Need Real Debate About the Fed

Americans Need Real Debate About the Fed
Most Americans likely have only a vague idea of what the Federal Reserve Board is and does for the economy. A substantial portion of the public has probably at least heard of Janet Yellen, the new chairwoman of the Fed. This is in large part because, as the first woman to be appointed to the position, ... Read more

It’s Still Bad for the Long-Term Unemployed

It’s Still Bad for the Long-Term Unemployed
At first blush, it’s great news. The number of long-term unemployed Americans – meaning those out of a job for more than six months – has dropped to 3.7 million in March from a high of 6.8 million in April 2010. The ranks of the long-term jobless have plummeted by 837,000 over the past year alone, helping to drive down the unemployment ... Read more

How to Raise Americans’ Wages

How to Raise Americans’ Wages
Today, the drive to restore workers’ share has been narrowed down to the campaign to raise the minimum wage. That raise is long overdue. The real value of the federal minimum wage of $7.25 an hour is less than two-thirds of its level in 1968, which, in current dollars, would be $10.71. But even raising that wage ... Read more

Money, Money, Everywhere

Money, Money, Everywhere
A Tale of Two Cities , the novel by Charles Dickens, begins with the famous words, “It was the best of times, it was the worst of times.” In America today, it is the best of times for multinational corporations and their CEOs. But for ordinary people, it’s pretty bad, and getting worse. For non-corporeal entities, times ... Read more

The End of Jobs?

The End of Jobs?
The subject of a universal basic income is coming up a lot these days; former Labor Secretary Robert Reich endorsed it last week in a talk at San Francisco State University, calling it “almost inevitable” in the face of technologically-induced job loss. A basic income would serve as something more than a safety net in troubled ... Read more

Who Needs a Boss?

Who Needs a Boss?
Support for full-fledged co-ops has inched into the mainstream as communities have grown weary of waiting for private investors to create good jobs — or sick of watching them take jobs away. In Cleveland in 2009, hospitals and a university gave seed money to a new group of businesses, the Evergreen Cooperatives, and now ... Read more

The education-wage disparity continues to grow

The education-wage disparity continues to grow
The jobless rate of Americans ages 25 to 34 who have only completed high school grew 4.3 percentage points to 10.6 percent in 2013 from 2007, according to Bureau of Labor Statistics data. Unemployment for those in that age group with a college degree rose 1.5 percentage points to 3.7 percent in ... Read more