Only a generation ago, Bethlehem, Pennsylvania had a steel mill employing tens of thousands of people at good wages. The typical casino worker today in Bethlehem makes $10-12 an hour. Many are part-time.
Here's the bottom line. The Tea Party Republicans and their Big Business and Wall Street allies plan to grab what they want while ordinary people sleep through this election.
The rich always vote for themselves. They go for their self-interest, their tax breaks, their liability escapes (think Wall Street). Meanwhile, they've relentlessly instructed the non-rich that they too must vote for the rich.
Speaking just like an American Republican, the Communist Chinese-appointed leader of Hong Kong, Leung Chun-ying, said last week that if the state granted democratic rights to its poor and working class, they could dominate elections and choose leaders who would meet their needs.
You are all potential terrorists and will be treated as such. Here's half a Diet Coke as a reward for being compliant.
One in four U.S. employees are low-wage workers. That is 20 percent higher than in the United Kingdom, and the highest percentage among industrialized nations. So how'd that all anti-union stuff work out?
As inequality grows, the rich become more powerful than the rest of the population, enabling them to veto any policy that impedes their one-sided enrichment. They also become less empathetic toward the rest of the population, whose lives seem less similar to their own with each passing year.
Akin to the suffering of middle class and poor families in these difficult economic times, the one percent are struggling as well behind their gilded ...
The news that the Pac-12 Conference jumped to the head of the class in 2012-13, earning $330 million in record revenue comes as no surprise. Welcome to the new college sports business model.
Over 73 million adults have a college degree in this country, but less than 2 million of them are members of the One Percent. Most earn less than a fifth of what they'd need to qualify for the One Percent.
Ken Langone, the big-spending Home Depot Billionaire and ally of Charles and David Koch, clumsily defended his March 2014 comments comparing populist criticism of the 1 percent with the rise of Nazi Germany, in an interview with Capital New York published this week.
In the wake of Citizens United decision, and the more recent McCutcheon case, there has been lots of discussion about campaign finance reform and the ...
The argument goes that instead of being jealous, we all should be working in harmony together to create jobs and opportunity. Problem is, the deeply rich talk about building the economy but do almost nothing about it.
The path to financial stability is harder to navigate than it has been in almost a century. And yet, the 99 percent forge ahead unappreciated by the fortunate few who reap the profits and call themselves deserving.
As I write this commentary on International Holocaust Remembrance Day, I am outraged because of what I perceive as the use and misuse of the Holocaust by some to justify and maintain the enormous economic disparity in the U.S. and across the globe.
The reason is quite simple: Those workers are also consumers. When the 99 percent earn more, they spend more, and the one percent can produce more and earn more themselves.