by Summary:
Well, I'm glad I in the UK because all that employment regulation served me well. And the NHS served me well too as I didn't have to rely on my boss to provide my healthcare for me or my family so that meant less subservience. Theses regulations, and government provision, helped give me FREEDOM! KV Kevin America’s unemployment rate is hovering near half-century lows. There are now more job openings than unemployed workers in the United States for the first time since the government began tracking that ratio. For America’s working class, macroeconomic conditions don’t get much better than this. And yet, most Americans’ wages aren’t getting any better, at all. Over the past 12 months, piddling wage gains — combined with modest inflation — have left the vast majority of our nation’s
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Well, I'm glad I in the UK because all that employment regulation served me well. And the NHS served me well too as I didn't have to rely on my boss to provide my healthcare for me or my family so that meant less subservience. Theses regulations, and government provision, helped give me FREEDOM! KV KevinWell, I'm glad I in the UK because all that employment regulation served me well. And the NHS served me well too as I didn't have to rely on my boss to provide my healthcare for me or my family so that meant less subservience. Theses regulations, and government provision, helped give me FREEDOM! KV Kevin America’s unemployment rate is hovering near half-century lows. There are now more job openings than unemployed workers in the United States for the first time since the government began tracking that ratio. For America’s working class, macroeconomic conditions don’t get much better than this. And yet, most Americans’ wages aren’t getting any better, at all. Over the past 12 months, piddling wage gains — combined with modest inflation — have left the vast majority of our nation’s
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it
Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister
New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice
Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.
America’s unemployment rate is hovering near half-century lows. There are now more job openings than unemployed workers in the United States for the first time since the government began tracking that ratio. For America’s working class, macroeconomic conditions don’t get much better than this.
And yet, most Americans’ wages aren’t getting any better, at all. Over the past 12 months, piddling wage gains — combined with modest inflation — have left the vast majority of our nation’s laborers with lower real hourly earnings than they had in May 2017. On Wall Street, the second-longest expansion in U.S. history has brought boom times — in the coming weeks, S&P 500 companies will dole out a record-high $124.1 billion in quarterly dividends. But on Main Street, returns have been slim.
Economists have put forward a variety of explanations for the aberrant absence of wage growth in the middle of a recovery: Automation is slowly (but irrevocably) reducing the market-value of most workers’ skills; a lack of innovation has slowed productivity growth to a crawl; well-paid baby-boomers are retiring, and being replaced with millennials who have enough experience to do the boomers’ jobs — but not enough to demand their salaries.
There’s likely some truth to these narratives. But a new reportfrom the Organization for Economic Cooperation and Development (OECD) offers a more straightforward — and political — explanation: American policymakers have chosen to design an economic system that leaves workers desperate and disempowered, for the sake of directing a higher share of economic growth to bosses and shareholders.
Further, the OECD finds that only Turkey, Lithuania, and South Korea have lower unionization rates than the United States, a fact that can be attributed to the myriad ways American policymakers have undermined organized labor since the Second World War. And a government that discourages unionization — and alternative forms of collective bargaining — is one that has decided to cultivate an exceptionally large population of “low income” workers, and an exceptionally low labor-share of national income.Eric Levitz - New Study Confirms That American Workers Are Getting Ripped Off