Tag Archives: wages

Soon We’ll All Be Temp Workers

Soon We’ll All Be Temp Workers
Nissan, the first of many foreign automakers to set up shop in Tennessee, is leading a trend. Companies from Amazon to Asurion to Dell have outsourced their warehouses and call centers to the hundreds of staffing agencies that have cropped up in the region. Tennessee went from having 51,867 temporary workers in ... Read more

A Healthy Economy Cannot Rest on Financialization

A Healthy Economy Cannot Rest on Financialization
“I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.” —Paul Volker (2009) All of us suspect the obvious — that Wall Street not only is too big to fail, but also just too damn big. But where's our evidence? ... Read more

High Minimum Wage Equals Jobs Growth

High Minimum Wage Equals Jobs Growth
When Washington residents voted in 1998 to raise the state’s minimum wage and link it to the cost of living, opponents warned the measure would be a job-killer. The prediction hasn’t been borne out. In the 15 years that followed, the state’s minimum wage climbed to $9.32 -- the highest in the country. ... Read more

You Call This a Middle Class?

You Call This a Middle Class?
The Bureau of Labor Statistics conducted a study of workers who were laid off during the Great Recession and found a new job. More than half are earning less money. During the recession, wage growth dropped from 3.5 percent a year to 1.5 percent, and has been stuck there ever since. The economic upheaval that began ... Read more

Record Profits Linked to Weak Wages

Record Profits Linked to Weak Wages
U.S. businesses have never had it so good. Corporate cash piles have never been bigger, either in dollar terms or as a share of the economy. The labor market, meanwhile, is still millions of jobs short of where it was before the global financial crisis first erupted over six years ago. Coincidence? Not in ... Read more

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

Public Sector Salaries Are Not the Problem

Public Sector Salaries Are Not the Problem
State and local governments around the country have sold off functions that once were provided largely, if not entirely, by government workers. But it is becoming increasingly clear that that these privatization deals not only reduce democratic control over services the public pays for, but, despite ... Read more

What Does the VW Vote Say About the U.S. Model for Labor?

What Does the VW Vote Say About the U.S. Model for Labor?
Current management theory recognizes that businesses do better when employees are involved in decision-making. But that trend ran smack into the paternalistic view that workers are replaceable parts in the narrow vote by workers at Volkswagen (VW) in Chattanooga, Tennessee to reject the ... 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