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Great Recession

A $10.10 Minimum Wage Could Lift About 5 Million Out Of Poverty

The Huffington Post | Jillian Berman | Posted 01.23.2014 | Business

Raising the federal minimum wage to $10.10 an hour could help lift nearly 5 million people out of poverty, a new study finds. If Congress were to...

'Welcome' to the Sharing Economy -- Also Known as the Collapse of the American Dream

Steven Strauss | Posted 02.28.2014 | Politics
Steven Strauss

Americans aren't looking forward to their new careers as "micro-entrepreneurs." Being a "micro-entrepreneur" in this brave new world seems instead just a euphemism for being an employee, except with reduced compensation, job security, benefits and protections.

2013's Most Important Charts

Economic Policy Institute | Posted 12.21.2013 | Business

This post originally appeared on EPI.org As we say goodbye to 2013, the economy is still failing ordinary workers. What is being done to make it...

The One Percent Is Hogging So Much of Our Income That It's Holding the Economy Back

Anthony W. Orlando | Posted 02.16.2014 | Politics
Anthony W. Orlando

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.

How Did High-Level Executives Escape Scot-Free From The Financial Crisis?

The New York Review of Books | Posted 12.16.2013 | Business

Five years have passed since the onset of what is sometimes called the Great Recession. While the economy has slowly improved, there are still million...

The Great Divergence

Harlan Green | Posted 02.15.2014 | Business
Harlan Green

The so-called "minimalist" budget deal just reached by Congress is another illustration of the great divergence in wealth distribution of recent year...

A New Deal for Christmas

Leo W. Gerard | Posted 02.15.2014 | Politics
Leo W. Gerard

As the GOP abruptly ends unemployment benefits, Republicans intend to slash food aid as well. They want to cut $4 billion a year from the food stamp program that many jobless families depend on for meals. This will occur as struggling food pantries report bare shelves.

Connecting Students to the Workforce in Washington, D.C.

Gabriel Sanchez Zinny | Posted 02.04.2014 | Latino Voices
Gabriel Sanchez Zinny

Part of the problem in D.C., and nationwide, is the stigma that comes from not pursuing a traditional, college-oriented high school diploma. Our obsession with four-year colleges is certainly one of the reasons why disconnected youth see dropping out as their only other option.

Moving Beyond GDP

Sean McElwee | Posted 01.26.2014 | Business
Sean McElwee

The 2007 economic crisis and the lingering stagnation it wrought has lead economists, philosophers and policymakers to a profound rethinking of how we measure economic performance and social progress.

Equality Is Good For Everyone!

Harlan Green | Posted 01.25.2014 | Business
Harlan Green

It looks like some states are beginning to take the equality issue seriously again. Massachusetts just raised their minimum wage to $10 per hour, Cali...

Economists and Labor

Henry M. Banta | Posted 01.25.2014 | Business
Henry M. Banta

Neoliberal economic philosophy has dominated the debate on economic policy. It has limited the very language in which our political debates have been conducted. The simplistic model of the perfectly competitive market has been the standard against which all public policies have been measured.

Is the Housing Boom in Phoenix Creating Another Bubble?

Anita Verma-Lallian | Posted 01.25.2014 | Business
Anita Verma-Lallian

The current market portends a promising future for growth of Phoenix. We have survived one of the worst real estate recessions of all times, and now we are moving into time of expansion for housing. In a state that sees sunlight 85 percent of the year, the future of Metro Phoenix's housing market is just as bright!

The Cause of Public Good in Peril: Free-Market Deceptions and the Breakdown of the Collective Consciousness

Edward Kubow | Posted 01.23.2014 | Politics
Edward Kubow

Civilization is a joint project that requires as much heavy lifting on the part of government as it does leadership of the market. Its greatness is neither going to be defined by the size and power of its corporate entities and how well governments balance ledgers nor by the hoarding of wealth by a few.

Thanks For Nothing, Washington!

Harlan Green | Posted 01.23.2014 | Business
Harlan Green

Democrats have bought the Republican lie that Democrats were the big spenders, it seems, with the draconian federal budget cuts enacted over the past ...

Ravages of the Great Recession

Sheldon Danziger | Posted 01.23.2014 | Politics
Sheldon Danziger

In the "good old days," Washington would have tried to soothe our lingering economic pains. But now, Congress's dysfunction -- particularly its preoccupation with slashing the federal deficit -- is prolonging our collective pain.

Hubris: Politicians Overestimate America's Stability

Fernando Espuelas | Posted 01.23.2014 | Politics
Fernando Espuelas

In the maelstrom of the shutdown, a debt-ceiling suicide attempt and the cutting off of nutrition support for poor people by Congress, it's clear that America's political class has unbounded belief in national stability.

Children and American Leadership: What Would the Roosevelts Do?

Bruce Lesley | Posted 01.23.2014 | Politics
Bruce Lesley

Children are still struggling with high poverty, hunger, insecure housing, child abuse, inadequate early childhood services, and cuts to education that are leading millions of children down a pathway toward a dark and uncertain future. It is time we address their needs. Our future depends on it.

Why Washington Is Cutting Safety Nets When Most Americans Are Still in the Great Recession

Robert Reich | Posted 01.23.2014 | Politics
Robert Reich

It's easy to blame Republicans and the right-wing billionaires that bankroll them, and their unceasing demonization of "big government" as well as deficits. But Democrats in Washington bear some of the responsibility.

The Financial Crisis Could Be Impacting Our Morality

The Huffington Post | Caroline Fairchild | Posted 10.22.2013 | Business

The financial crisis didn't just hurt the economy. It also may have done major damage to our collective moral standards, a new study suggests. Afte...

Even More 20-Somethings Live With Mom And Dad Than You Think

The Huffington Post | Caroline Fairchild | Posted 10.21.2013 | Business

The generation that came of age during the Great Recession is still having trouble becoming financially independent and moving away from home, accordi...

Default Is in Our House

Alex Palombo | Posted 10.14.2013 | Politics
Alex Palombo

After years of watching our country claw its way back from the Great Recession, these debt ceiling and government shutdown are foreign to me. Why would we ever want to put our country in the position to default on our loans? Why is this even an argument?

Time Out!

Atiba Madyun | Posted 01.23.2014 | Politics
Atiba Madyun

Politics has become a childish blame game. Right now led by Republicans pointing fingers at everyone but yourselves, in the U.S. Congress. So We The People want you to go to the Time Out corner.

Low-Wage Latino Workers Just Want to Do the Right Thing

National Council of La Raza | Posted 12.09.2013 | Latino Voices
National Council of La Raza

Want a reality check on today's employment situation? Ask someone making less than $50,000 per year.

The Deeper Issues in the Shutdown Crisis

Hoyt Hilsman | Posted 01.23.2014 | Politics
Hoyt Hilsman

As the partisan warfare in Washington continues over the government shutdown and looming debt ceiling, it is important to examine some of the deeper i...

PHOTOS: People Across The World Still Hoarding Cash After Crisis

AP | The Associated Press | Posted 10.06.2013 | Business

-- Five years after the financial crisis, people in the world's 10 biggest economies are still too spooked and distrustful to take chances with their...