Tag Archives: labor

 – by New Deal democrat Keep in mind NDd only talks about Real Average Wages in which he does not include supervisor wages or increases. In this regard, readers get a much better perspective of Labor wages and earnings. Since NDd was traveling, we have an additional post this week. The Bonddad Blog On Wednesday I was traveling so I didn’t get around to writing about the important CPI release. Let me start my delayed response by updating real...

As a former union member, Reader Denis Drew writes about Labor and Unions. You can read him at Angry Bear from time to time or at his Blog site: “On Today’s Page,” on todays page, Denis Drew. Jimmy Hoffa’s dream – Jimmy Hoffa’s worst nightmare First: Jimmy Hoffa’s medical labor market wet dream:   a) cannot stop technical employees from organizing,   b) demand is everywhere and ever growing   c) bills paid automatically by insurance or...

Opinion piece by Commenter Dennis Drew. Unions and Labor have been Dennis’s bailiwick for as long as I have been with Angry Bear. A nice piece on labor, economics, politics, and power. ~~~~~~~~ Labor unions effectively couple employees directly to paying customers – bargaining for the maximum amount they see consumers are willing to part with.  In the same light, non-union businesses sell the labor component of their products at the cheapest...

Unionize America sea to shining sea — do away with the biggest threat to democracy — with one easy federal labor law stroke. On Today’s Page (ontodayspage.blogspot.com), Denis Drew. Denis Drew has a commentary unions and federal Labor Law. Conjuring up a potential labor market where all businesses are family owned and family operated. Where no outside labor is hired and prices of goods and services are set at the highest amount families...

UAW-automakers negotiations pit falling wages against skyrocketing CEO pay: U.S. auto companies have the means to invest in EVs, pay workers a fair share, and still earn healthy profits | Economic Policy Institute, epi.org, Adam S. Hersh. Yet they are not paying Labor it’s overdue fair share of wages. United Auto Workers (UAW) members at the “Big 3” companies of Ford, General Motors (GM), and Stellantis are waiting to strike this week....

I guess one could get by on this salary if one were frugal, could find low-cost housing, maybe used public transportation, ate cheaply, etc. There is not much room for anything else. And yet people still manage to do it. As EPI details, Nineteen percent of workers (9.76 million workers) in 20 states are paid less than $15 per hour, compared with 13% of workers in the 30 states. “Workers are 46% more likely to make below $15 an hour in states...

The Fed’s Target Is Workers, Project Syndicate, James K. Galbraith, January 2022 A year and a half later and the Fed is still trying to slay the dragon. They stab it with their steely knives, But they just can’t kill the beast. So it seems, the Feds losing battle is with Labor, direct Labor is the smallest portion of manufacturing. Without labor there is no product, just bets on the outcome of the economy. ~~~~~~~~ By announcing forthcoming...

A “Big Picture” summary of why a recession still looks likely, even if it hasn’t occurred yet  – by New Deal democrat The below started out as a comment somewhere else, but it is too good a “big picture” summary of where the economy is today and not to post it here. I still intend also to take a more detailed look at the housing market, but since the below lays the groundwork for that, I’ll post it later (maybe later today, maybe not). What...

Not so long ago, I was working in Riethem-Weilhem Germany for the Germans, of course. A smaller ($1 billion) automotive company. My US position was in Cazenovia, NY where the Rockefellers used to hang out in their mansion on the south end of Lake Cazenovia. It is now called the Brewster Inn. While in Germany, they gave me a car and I would go touring all over southern Germany and into Switzerland. They would send me to the Czech Republic to visit...

Labor has gained since the pandemic, but corporations have been sucking up the lion’s share of those gains . . .  – by New Deal democrat I neglected to add a link to my Weekly Indicators piece at Seeking Alpha on Saturday, so here it is. Also, I’ve been trying to understand why, with all of the long and short leading indicators lined up in almost classic formation, no recession has started yet. I discussed that in another piece at Seeking...