This morning, President Obama announced he will invite labor leaders, business executives, small business owners, economists and other financial experts to a special White House summit on jobs next month. Obama says the summit will explore ways to slow the loss of jobs and quicken the pace of job creation at a time when the …
Today is World Day for Decent Work, and union members in more than 100 countries are mobilizing to address the global economic and employment crisis and demand fundamental reform of the world economy. The deepest global recession since the 1930s has led to a jobs crisis with millions of people out of work. The International …
The following is cross-posted on the Winning Workplaces blog. I thought it was appropriate for Today’s Workplace’s focus on taking back Labor Day. After all, this holiday should offer pause not just for workers, but for company leaders to reflect on how they can do more with less in this difficult economic environment. Enjoy, and …
Nearly a year after the $700 billion bailout of the nation’s financial system began, banks—especially regional and smaller banks—are still threatened by the billions of dollars in bad loans on their balance sheets. More could fail if the economy worsens, according to a new report from the Congressional Oversight Panel (COP), which oversees the spending …
Bailout Oversight Panel: Some Banks Still Vulnerable to Collapse Read More »
Employment of older workers has increased by almost 1 million in the downturn. The economy lost 247,000 jobs in July, bringing the rate of job loss over the last three months to 331,000. This is down sharply from the 700,000 monthly rate of decline in the months from November to February. The unemployment rate actually …
Pace of Job Loss Slows Sharply, as Unemployment Edges Down Read More »
It is not always easy to be a cheering squad for organized labor in these times. Unions across the country are cracking into contracts to give concessions, bargaining away rights to keep jobs and, really, it is pretty messy out here for workers and the unions that represent them. I am getting a lot of …
I am pro-corporate. I’ll go a step further with that and proclaim that I believe that there are no bad corporations, and that I haven’t seen any corporations do anything wrong. I see the way you are looking at me. I’d better explain. The reason I say there are no “bad” corporations is because corporations …
The so-called “green shoots” of recovery are turning brown in the scorching summer sun. In fact, the whole debate about when and how a recovery will begin is wrongly framed. On one side are the V-shapers who look back at prior recessions and conclude that the faster an economy drops, the faster it gets back …
The global union movement is issuing an urgent call for the leaders of the Group of Eight nations to tackle the deepening jobs crisis at their summit meeting in L’Aquila, Italy, next month. The leaders must develop a coordinated and jobs-orientated international recovery and sustainable growth plan that focuses on creating good jobs and re-regulating …
G8 Union Leaders Issue Urgent Call to Tackle Jobs Crisis Read More »
John Kenneth Galbraith wrote The Great Crash 1929, an economic history focused in part on the men of the market who brought on the crash, in graceful and snarky prose. In his last chapter, he tells us of five major weaknesses in the real economy that made it possible for the disaster to destroy a …
Bad Distribution of Income Led to Great Depression: History Repeats in 2008 Read More »
Madeline Messa is a 3L at Syracuse University College of Law. She graduated from Penn State with a degree in journalism. With her legal research and writing for Workplace Fairness, she strives to equip people with the information they need to be their own best advocate.
