In Economic Consequences of the U.S. Convict Labor System, UCLA economist Michael Poyker makes use of information on prisons and their surrounding areas from 1850 to 1950 to look at the position that free/extraordinarily low-waged pressured convict labor had on wages.
Poyker concluded that pressured labor slowed manufacturing wage progress by […]
The Eviction Lab is a collaboration between Princeton University and Matthew Desmond, writer of Evicted: Poverty and Profit in the American City Paperback; the lab’s group gathered the courtroom information of ever landlord-tenant continuing in each courtroom in each county in America for the previous 16 years.
You can use the Lab’s […]
The subprime car-lending business — charging exorbitant charges for car-loans to individuals least suited to afford them, enforced by orwellian technologies, obscuring the danger by spinning the debt into high-risk/high-yield bonds — is collapsing.
The three most outstanding lenders within the subprime auto sector shut down spectacularly and abruptly by bankruptcies and fraud […]
The House of Commons Library has printed analysis projecting the post-2008 progress of inequality till 2030, arriving at an eye-popping headline determine: at present charges, the richest 1% will personal two thirds of the world’s riches by 2030. I believe that quantity is simply too low. Here’s why.
The years since 2008 have […]
It’s been ten years for the reason that monetary disaster, when barely regulated banks destroyed the world’s economic system, kicked off wars, and instantly and not directly killed hundreds of thousands. (more…) Source link
The Wall Street Journal profiles wealthy “train buffs” who purchase classic Gilded Age railcars and refurbish them, then pay to have them hitched to Amtrak trains and pulled between their metropolis homes and their nation locations.
They fear that the apply could also be coming to an finish, as Amtrak has bored with […]