What America needs is empowered citizens. We need more jobs; we need to pay the hardworking employees a fair wage. We need enough income flowing that adequately rewards the value workers create to help better educate all our children.
More than five years after the passage of Dodd-Frank the SEC finally issued rules on disclosure of CEO pay last week. This is useful information for trends in inequality. Corporate lobbyists have spent the last five years complaining that this disclosure would impose an enormous burden.
I recommend we stop using the term "contributions" to describe the campaign spending of oligarchs and start using the term they themselves often use: "investments". The very rich invest to change the rules in their favor.
Low-wage workers around the country have sparked a movement for large minimum wage increases for a reason. And their proposed increases are phased in gradually over several years. It might behoove some of those commenting from the sidelines to stop calling them crazy.
For more than two decades there have been well-funded efforts to try to scare the public into supporting cuts in Social Security and/or privatizing the program. The basic story was that demographics would make Social Security unaffordable.
Around summer time, many Americans look forward to a week off from work where they can unwind and spend time with their families. Yet, the reality of taking a vacation while employed is that one in four U.S. workers don't receive paid time off.
In describing his economic agenda last week, Republican president candidate Jeb Bush said that "people need to work longer hours." While he quickly tried to walk this one back, there can be little doubt that Mr. Bush meant what he said.
Candidate Clinton's speech today was another progressive salvo regarding the importance of addressing income inequality; ostensibly through a higher minimum wage, being tougher on Wall Street, taxing carried interest, and a host of other progressive favorites.
Bernie Sanders is campaigning on a platform that has been developed, tested, and put on the national agenda by a generation of progressive thinkers, political leaders like Sen. Elizabeth Warren, and generations of organizers.
Who knows if the improving figures from the past 12 months are the start of reversing these trends? Either way, we must keep pushing for increases to the minimum wage, and for the enactment of more policies
On the surface, this adjustment seems like a boon for American workers. Ironically, however, while the rule would make more employees eligible for overtime pay, it might result in workers being worse off than before.
One of the really good things that David Stockman does in his Contra Corner blog is dissecting incoming economic statistics. One of his favourite targets is the monthly non-farm employment figures produced by the US Bureau of Labor Statistics.
Have you seen the new Walmart commercials? They're fabulous. They're heartwarming. They bring back any faith in humanity you may have lost. Actually, they're a spectacular exercise in disingenuous, masturbatory fiction.
If the Fed raises rates prematurely, it will be preventing most workers from sharing in the gains of economic growth. Instead of real wage gains, workers are likely to see their wages continue to stagnate, as they have done since the 2001 recession.
Clearly, honesty is the foundation of being good. Honesty is the baseline. Pay your taxes, return the wallet you found on a park bench, and write down exactly how many golf strokes you had on a particular hole.