These two graphs go a long way toward explaining why the U.S. economy is still in the doldrums. 1) Wages, as a share of economic activity (GDP) have never been lower: 2) While corporate profits (as a share of GDP)…
These two graphs go a long way toward explaining why the U.S. economy is still in the doldrums. 1) Wages, as a share of economic activity (GDP) have never been lower: 2) While corporate profits (as a share of GDP)…
Fully two-thirds of Americans (67%) favor increasing the minimum wage from $7.25 an hour to $10.00 an hour. According to Public Religion Research Institute’s 2011 American Values Survey, strong majorities of nearly all demographic groups support this sizeable hike in…
A recent report by Sentier Research shows real median household income is continuing to decline for the American working and middle class. The typical household income has lost more income since the economy recovery supposedly began than during the Great…
Today is Equal Pay Day, which each year highlights the continuing disparity between men’s and women’s earnings. This disparity, commonly known as the ‘wage gap‘, shows just how far we still have to go to achieve gender equity. Despite making…
By Stan Sorscher, from the Huffington Post: Public attitudes toward workers send a weird mixed message lately. We are busy ripping out support for wages and benefits, while simultaneously asking why the recovery is going badly. Diane Ravitch’s bitter joke…
Part 1 | Part 2 | Part 3 Public employee benefits are on the chopping block across the country as state and local governments look for ways to reduce spending. Public revenues remain low due to the lingering effects of…
From the Everett Herald: The other night I had a chance to talk to students and faculty at Seattle Central Community College. We discussed the lopsided equations of income and wealth which have become the norm in our state. The…
By Michael Reich | The Herald News While debates about how to promote jobs and economic growth while tackling the deficit have dominated the political conversation for the past year, an effective strategy for boosting the economy without increasing government…
The Wall Street Journal reports the bottom has fallen out for American families: wages have taken the worst plunge ever since the Great Depression. Chances are good it will take years, if not decades, for wages to rebound to pre-financial…
