The number that sticks in my mind today, and has since I heard it, is 40 percent. While over half a million people in the U.S. have died of COVID in one year, while millions of people have become sick, while millions of people have lost their jobs, savings and homes, and many people have …
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 — …
‘A tale of 2 recessions’: As rich Americans get richer, the bottom half struggles Read More »
At racetracks all across America, lucky bettors every so often rake in small fortunes when the horses they pick to finish one, two, three — a trifecta — just happen to finish in that order. Last spring at the Kentucky Derby, for instance, a $1 trifecta bet returned a tidy little $11,475.30. But America’s awesomely affluent don’t …
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 …
In a new op-ed for the Hill, AFL-CIO President Richard Trumka explains the key reasons why the Trans-Pacific Partnership is bad for working people, both in the United States and overseas. Trumka describes the deal by saying that “the TPP is a giveaway to big corporations, special interests and all those who want economic rules …
We know how bad income inequality has gotten in the past few years in America, thanks largely to the work of economist Emmanuel Saez and his colleagues at University of California at Berkeley’s Center for Equitable Growth. But Saez’s latest paper finds that the share of the nation’s wealth going to the bottom 90 percent …
Wealth Inequality And Middle-Class Decline Is Worse That We Think Read More »
It’s back. No matter how many times working people reject the Bowles-Simpson “B-S” budget plan that cynically claims it would “promote economic growth “—but would actually snuff out the recovery and cut lifelines for working families—it keeps coming back to the table. Erskine Bowles and Alan Simpson released another tired plan today that would cut Social Security COLAs …
Bowles-Simpson ‘B-S’ Zombie Plan Tells Working People to ‘Drop Dead’ Read More »
When I wrote the “The Audacity of Greed” in 2008, I had a chapter called “Vodka and Penises” which detailed a rather unique birthday party thrown in Sardinia, Italy, in 2000 by Tyko CEO Dennis Kozlowski in honor of his wife–it featured vodka spraying from the penis of a replica of Michelangelo’s David. Kozlowski, who …
The Filthy Rich Shout “Greed Is Good” and Party With The Politicians 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.
