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More Evidence on Why Inequality Matters

Photo courtesy Wikimedia Commons

The evidence has mounted, and is clearly accepted, that extreme income inequality has grown in the United States over the past 40 years—and by extreme income inequality, I mean a huge imbalance in income growth favoring the top 1% of the population. This is extreme because it is large enough and sufficiently imbalanced growth that it must force a rethinking of economic policies.

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New Report Shows the Middle Class Is Shrinking Across the Country

New Report Shows the Middle Class Is Shrinking Across the Country

The shrinking of the middle class in the United States is something that you hear pundits talk about frequently. A new report from the Pew Research Center shows that problem is not just a real one, but one that is widely distributed across the country and is hurting not just the Rust Belt, Appalachia and the Deep South, but also hits nearly every metropolitan area in the country. Most importantly, the study shows that the rise of inequality is one of the key effects of the shrinking middle class.

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The Economy Adds 160,000 Jobs in April, and Unemployment Is Unchanged at 5.0%

The Economy Adds 160,000 Jobs in April, and Unemployment Is Unchanged at 5.0%

The U.S. economy added 160,000 jobs in April and unemployment was 5.0%, unchanged from March, according to figures released this morning by the U.S. Bureau of Labor Statistics. This continues the record string of months with job growth.

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Taking the Student Debt Challenge

Taking the Student Debt Challenge

Repaying your student loans can be a serious challenge. In fact, around 20% of federal direct student loan borrowers in repayment are at risk of defaulting or are already in default. There are lots of options out there to make repaying easier, but they can be confusing and hard to find. Not to mention the student debt help scams out there.

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The Economy Adds 215,000 Jobs in March, and Unemployment Is Essentially Unchanged at 5.0%

The Economy Adds 215,000 Jobs in March, and Unemployment Is Essentially Unchanged at 5.0%

The U.S. economy added 215,000 jobs in March and unemployment was 5.0%, essentially unchanged from February, according to figures released this morning by the U.S. Bureau of Labor Statistics. This continues the record string of months with job growth.

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There’s a Pretty Clear Solution to This Problem for Low-Wage Workers

There’s a Pretty Clear Solution to This Problem for Low-Wage Workers

A new analysis from The Pew Charitable Trusts shows that low-income Americans are experiencing a massive increase in housing costs that makes it impossible for some to afford basic needs. The study found that low-income Americans spent a median of $6,897 on housing in 2013, and that number rose to $9,178 in 2014. This was the biggest jump in the nearly 20 years of data that Pew studied. Other necessities, such as transportation and food, also have risen, but not as drastically.

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ITUC Report: Investment in Caregivers Would Boost Economy and Women in the Workforce

ITUC Report: Investment in Caregivers Would Boost Economy and Women in the Workforce

A new study from the International Trade Union Confederation shows that investing in the care economy in seven countries would create 21 million jobs and address other problems related to aging populations and economic stagnation. The analysis looked at Australia, Denmark, German, Italy, Japan, the United Kingdom and the United States and found that an investment of just 2% of GDP would narrow the gender pay gap, reduce overall inequality and lower barriers to women's participation in the workforce.

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Recipe for a Recession...Mmm, Tasty!

Recipe for a Recession...Mmm, Tasty!

The latest video from AFSCME takes a look at some of the Republican policy proposals for the economy and finds that the recipe adds up to recession.

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The Economy Adds 242,000 Jobs in February, and Unemployment Remains Unchanged at 4.9%

The Economy Adds 242,000 Jobs in February, and Unemployment Remains Unchanged at 4.9%

The U.S. economy added 242,000 jobs in February and unemployment was 4.9%, unchanged from January, according to figures released this morning by the U.S. Bureau of Labor Statistics. This continues the record string of months with job growth.

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AFL-CIO Asserts that Gig Economy Workers Are Employees

AFL-CIO Asserts that Gig Economy Workers Are Employees

The AFL-CIO Executive Council affirmed that working people in the gig economy share a single common designation: employees.

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