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?
Who came out on top this past holiday season? Shoppers like you and me, hands down. Yet, there's no secret why merchants are getting smarter. They have to. Today's 20/20 digital consumer is dictating the terms of the shopping experience.
Ever since the economy turned so sour that a lemon would seem sweet by comparison, I have wondered if there are any entrepreneurs out there with a bold business model that can help get the country back on its feet.
The beauty of price, in contrast, is that it represents a consensus, a vote as it were, of the collective judgment of something's relative value. A Rembrandt's worth is not "incalculable" but is actually $33 million at Christie's.
Assuming that next month does in fact herald the return of America's most popular sport, the secondary market for tickets should see significant growth. It follows, then, that fans can find some deals on seats before the 109-day-old lockout ends.
The bells are tolling for millions caught off guard by stagnant wages and job growth, falling savings, rising debt, shrinking wealth and spiking prices. But turnaround is possible and has been done before.