The American working class is doing better, thank you very much  – by New Deal democrat With the release of the CPI report earlier this week, I can update several measures of average middle class American income. Real average hourly wages increased 0.2% in June, and are up 1.6% from one year ago: Real aggregate payrolls for the entire spectrum of nonsupervisory American workers increased  0.3% in June and are up 3.1% from one year ago:...

The American working class is doing better, thank you very much  – by New Deal democrat With the release of the CPI report earlier this week, I can update several measures of average middle class American income. Real average hourly wages increased 0.2% in June, and are up 1.6% from one year ago: Real aggregate payrolls for the entire spectrum of nonsupervisory American workers increased  0.3% in June and are up 3.1% from one year ago:...

Interview in the Iranian Tv on the recent French protests

I was catching up on the back issues of New Yorker accumulating on the coffee table, and read an article about the rise and decline of libertarianism in the GOP. The idea that anything resembling libertarianism was actually popular in the Republican Party is a joke. Ostensibly, libertarian wants to shrink big government. OK, lets talk about that. The US military is (1) one of the largest government programs, and (2) the most transparently socialist...

I was catching up on the back issues of New Yorker accumulating on the coffee table, and read an article about the rise and decline of libertarianism in the GOP. The idea that anything resembling libertarianism was actually popular in the Republican Party is a joke. Ostensibly, libertarian wants to shrink big government. OK, lets talk about that. The US military is (1) one of the largest government programs, and (2) the most transparently socialist...

Capitalism is inherently unstable

Powell: “Labor costs are really the biggest factor in most parts of that sector (service),” Powell said. “We need to see a better alignment of supply and demand in the labor market and see some more softening in labor market conditions so that inflationary pressures in that sector can also begin to subside.” I believe Powell is attempting to be another Volcker. In all my years in consulting to supply chain Globally, Direct Labor has not been the...

Powell: “Labor costs are really the biggest factor in most parts of that sector (service),” Powell said. “We need to see a better alignment of supply and demand in the labor market and see some more softening in labor market conditions so that inflationary pressures in that sector can also begin to subside.” Open Thread July 9, 2023 US Debt, Angry Bear, angry bear blog ...

Kathleen Stock och cancelkulturen Filosofiprofessor Kathleen Stock har under lång tid varit engagerad i de pågående diskussionerna om könsidentitet och transrelaterade frågor. I dessa diskussioner har hon uttryckt skepticism och oro över vissa aspekter av transideologi, särskilt i relation till könsidentitet och dess konsekvenser för kvinnors rättigheter och utrymmen. Stock har argumenterat för att konceptet könsidentitet suddar ut betydelsen av biologiskt...

Last week (6/7/2023) I was invited to give an interview in IRIB’s news (Iranian national tv) on the protests in France after the police killing of a teen of migrant origin. The link for the video of the interview follows. Unfortunately it is in Farsi. The essence of my comments can be found in a previous written interview in PressTV (https://stavrosmavroudeas.wordpress.com/2023/07/01/s-mavroudeas-weak-unpopular-macron-using-military-means-to-quell-protests-interview-in-presstv/)...