The stock market fell 7% at the open Monday morning. That may not sound like a lot, but it’s a catastrophic collapse—a financial crisis type number. Typically, the market might gain or lose in a whole year the value that was lost by the time the sound of the opening bell faded. The collapse appears to …
Government Must Act to Stop Spread of Economic and Financial Consequences of Coronavirus Read More »
Large work stoppages, aka large strikes, had been on the decline for years. That turned around in 2018—going from 25,300 workers involved in major strikes in 2017 to 485,200 in 2018—and stayed relatively high in 2019, the Economic Policy Institute reports. “Through 2017, the general trend was downward, but there was a substantial upsurge in workers …
2018 and 2019 hit a 35-year high for major strikes, this week in the war on workers Read More »
When Congress passed a nearly $2 trillion tax cut for corporations and the wealthy in 2017, we warned that the obscene cost of this tax cut bill would be used as a pretext to cut programs that benefit working people. AFL-CIO President Richard Trumka (UMWA) said at the time that the 2017 tax bill was: Nothing but a …
If you’ve been in the workforce since 1979, how much have your wages gone up? If you’re a little younger, how much have the wages for a job like yours gone up in those years? I bet it’s not 157.8%—unless, of course, you’re in the top 1%. By contrast, wages for the bottom 90% grew by 23.9% …
It sure is great to be in the top 1%, this week in the war on workers Read More »
The U.S. economy gained 136,000 jobs in September, and the unemployment rate declined to 3.5%, according to figures released this morning by the U.S. Bureau of Labor Statistics. In response to the September job numbers, AFL-CIO Chief Economist William Spriggs said: “It is surprising the rate of job creation has slowed, and the rate of labor force participation has …
Economy Gains 136,000 Jobs in September; Unemployment Declines to 3.5% Read More »
The Trump administration’s plan to freeze fuel efficiency standards in defiance of California’s stricter, more environmentally friendly rules is set to have dire ramifications for emissions levels and the economy, according to new research out Wednesday. Rolling back California’s robust vehicle emissions requirements will cost the U.S. economy $400 billion through 2050, an analysis from the environmental …
The big headline numbers do sound encouraging. The unemployment rate is down to 3.6%, the lowest since 1969. Average earnings are finally outpacing inflation, the stock market has been hitting record highs, and the first quarter of 2019 had the fastest annualized growth rate (3.2%) since 2015. And yet most of the gains from our …
The U.S. economy gained 196,000 jobs in March, and the unemployment rate remained unchanged at 3.8%, according to figures released this morning by the U.S. Bureau of Labor Statistics. Continued lower levels of job growth provide good reason for the Federal Reserve’s Open Market Committee to express caution in considering any interest rate hikes. Last month’s biggest job gains …
Economy Gains 196,000 Jobs in March; Unemployment Unchanged at 3.8% Read More »
When Zion Williamson’s foot broke through the sole of his Nike shoe on Feb. 20, the sporting world stood still. The consensus number-one player in college basketball was playing in the biggest game of the season—North Carolina versus Duke—and suffered his startling injury in the opening minute. Williamson’s sprained knee cost Nike $1.1 billion in stock …
Why the NCAA Should Pay Student-Athletes—And Let Them Unionize Read More »
Equal Pay Day calls attention to the persistent moral and economic injustice working women face. For a woman to earn as much as a man, she has to work a full year, plus more than a hundred extra days, all the way to April 10. The problem is even worse for women of color, LGBTQ …
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.
