Economic inequality

Billionaires Can Have the Cosmos—We Only Want the Earth

Leave a Comment / Climate Change / By max cyril

Fleeing is what the rich do best. Republican Sen. Ted Cruz fled Texas last winter, abandoning millions to freezing temperatures. But some have tired of the Earth altogether. Billionaires Jeff Bezos, Elon Musk, and Richard Branson are fleeing to space on rockets with stratospheric price tags. Branson was the first to venture forth July 11, in a gambit to launch a commercial space …

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We Are Zoomers and We Want the PRO Act

Leave a Comment / union mobilizing / By max cyril

Gen Z and Millennials are facing a bleak economic future. The answer is to massively expand union membership and democratize workplaces. Like so many other recent college graduates of Gen Z who are trying to enter the workforce, become financially independent and grow our families, we’re seeing the promised ?“American dream” drift further and further out of reach. …

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We Have a Jobs Crisis and an Environmental Crisis. The Answer to Both Is a Civilian Climate Corps.

CEO pay rises, average worker pay stagnates, this week, year, decade in the war on workers

Leave a Comment / Income inequality / By max cyril

The pandemic did not change rising economic inequality in the United States—go figure. We’ve seen again and again how existing inequalities instead were exacerbated as people who could work remotely did so and stayed relatively safe while others had to put their health and safety on the line to keep scraping by, as women have been …

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New Survey From Broad Coalition Shows Overlapping Challenges of Racial, Gender, and Economic Injustice Amid COVID-19 Pandemic

Leave a Comment / labor, Pandemic / By max cyril

Today, Color Of Change, National Employment Law Project, the TIME’S UP Foundation Impact Lab, and the Worker Institute at Cornell ILR released results from new survey research showing deep racial, gender, and economic disparities in the impact of the COVID-19 pandemic. The data point to immediate worker needs and long-standing structural inequities that policymakers and …

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‘A tale of 2 recessions’: As rich Americans get richer, the bottom half struggles

Leave a Comment / benefits, economy, equal pay, SmallBusiness, unemployment, wealth / By max cyril

The path toward economic recovery in the U.S. has become sharply divided, with wealthier Americans earning and saving at record levels while the poorest struggle to pay their bills and put food on the table. The result is a splintered economic picture characterized by high highs — the stock market has hit record levels — …

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Everyone can get coronavirus, but economic inequality means it will be worst for those at the bottom

Leave a Comment / economy, Infectious Disease / By max cyril

Coronavirus doesn’t spare the powerful. As of this writing, two members of the House, a senator, and the president of Harvard University have tested positive. But as with so many things in the unequal United States of America, it’s going to be worse for people who are already vulnerable: low-income people, people in rural areas, homeless people, single parents, inmates, and more. There’s …

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King and Meany Brought Civil Rights and Labor Together for a Legacy That Continues Today

Leave a Comment / Civil Rights / By max cyril

Beginning in 1960, Dr. Martin Luther King Jr. and then-President George Meany of the AFL-CIO began a relationship that would help bring the labor and civil rights movements together with a combined focus on social and economic justice. Meany was an outspoken defender of individual freedom, and in March 1960, he emphasized the crucial link between the …

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Foundations of Inequality are in Wages

Leave a Comment / economy / By max cyril

While rising capital share and greater concentration of wealth explain some of the story of economic inequality, the largest part of the story is the growth in wage inequality over the last several decades. Available data from the Social Security Administration unfortunately doesn’t go past 1990, overlooking considerable upward distribution of wages beginning in 1980. However, wage …

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Enormous, Humongous August Trade Deficit Prompts Trade Deficit Bill

Leave a Comment / unemployment / By max cyril

The U.S. Census Bureau reported Wednesday that the August trade deficit rose 3 percent to $40.73 billion from July’s $39.5 (slightly revised). Both exports and imports rose, with imports rising more than exports. August exports were $187.9 billion up $1.5 billion from July. August imports were $228.6 billion up $2.6 billion. The goods deficit was …

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