Posted on 12 March 2011. Tags: Crisis, Disasters, Economic Activity, Economy, Gross Domestic Product, Growth, Japan, Wages
The tragedy in Japan is real and the loss of life truly sad. But, there is one other piece of knowledge to glean today that is a long-term keeper: how disasters are GOOD for the Gross Domestic Product, and what that tells us about how we think about "recovery" and "economic growth". […]
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Posted on 05 March 2011. Tags: Jobs, Middle Class, Recovery, Wages
The "economy is recovering" voices are clearly their throats again: The nation’s employers added 192,000 jobs in February, up from a gain of 63,000 the previous month, the Labor Department reported on Friday. While February’s number represented the fastest growth in nearly a year, it was partly the result of a bounce back from […]
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Posted on 15 February 2011. Tags: "Free Trade", Barack Obama, Bill Daley, Colombia, Corporate Rights, Education, Intellectual Property, Lies, Middle Class, Peru, Retraining, Ron Kirk, Slavery, South Korea, Wages
Every so-called "free trade" deal that has shimmied its way through Congress has been greased with legalized bribery, starting with NAFTA in 1993, which was the king of all "what will buy your vote" deals. But, the biggest scam, in my opinion, is the "retraining" workers are offered in return for…sacrificing their middle-class livelihood […]
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Posted on 11 February 2011. Tags: "Free Trade", Barack Obama, Bill Daley, Colombia, Corporate Rights, Intellectual Property, Middle Class, Peru, Ron Kirk, Slavery, South Korea, Wages
If you share the belief that the greatest economic challenge we face is stopping the stupefying global class warfare underway, then, we have to be quite clear about the tools that support the attack against decent living standards for people and a fair sharing of the wealth. So-called "free trade" is right up there on […]
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Posted on 09 February 2011. Tags: Germany, Volkswagen, Wages
Yours truly is on the road for the next couple of days so short and sweet is the theme. Someone is getting a raise: Volkswagen employees agreed to a wage deal Tuesday that ensures them a larger share of soaring profits in the German auto industry, and may signal an end to a decade […]
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Posted on 01 February 2011. Tags: Andrew Cuomo, Class Warfare, collective bargaining, Inflation, Middle Class, New York, Pensions, Public Workers, Taxes, The New York Times, The Rich, union, Wages, Wall Street
When you cut through the chase about the economic debate of the future, it really boils down to this: What is the standard we should use in setting the standard for a decent living? Apparently, The New York Times has decided: don’t count on decent pensions, don’t count on health care, and forget decent wages. […]
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Posted on 20 January 2011. Tags: AFL-CIO, American Dream, Fairness, Financial Crisis, Goldman Sachs, Greed, Middle Class, Richard Trumka, Unions, Wages, Wall Street
You can’t find a better contrast between the vision for our country than those offered by AFL-CIO President Richard Trumka and Goldman Sachs. One vision sees America as the land of equality and fairness. The other vision sees an America where greed is good. Here is some of what Trumka will say today at […]
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Posted on 13 January 2011. Tags: General Motors, Pay-For-Performance, UAW, Wages
They are always looking for a new way to nickle-and-dime people: General Motors Co. wants pay for union-represented workers be tied to employees’ work performance and the company’s financial health—much like the way its salaried workers are paid—in what would be a major shift in how generations of auto workers have been compensated. GM […]
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Posted on 12 January 2011. Tags: "Free Trade", American Dream, Bill Clinton, Education, Great Depression, Jobs, Middle Class, NAFTA, Robert Reich, Unions, Wages
The jobs crisis is really devastating. We all know the numbers on how many people are out of work. But, the truth is that just calling for more jobs is not enough–because what we lack in the country is GOOD-PAYING JOBS. And wages are not coming back. The Wall Street Journal reports what many […]
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Posted on 08 January 2011. Tags: Crisis, Depression, Employment, Job Party, Jobs, Middle Class, Minimum Wage, Wages
It is still very grim out there for those people who want decent paying work. Not just a job–but a job that pays a fair wage. Today’s numbers make even more clear–we need a Job Party. I’ll talk about the Job Party a bit more. But, first, let’s look at the numbers: While the […]
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