Orthodox market economics holds that when unemployment falls and the labor provide will get tighter wages go up; it additionally predicts that better-educated staff and more-productive staff receives a commission extra for his or her work — none of this has occurred.
American unemployment stands at four% and the workforce is the […]
The “State Policy Network” is a coalition of 66 far-right organizations who’ve been given $80M by a small variety of billionaires, together with the Walton household (heirs to the Walmart fortune), the Koch Brothers, and Betsy DeVos; they’re afraid of the teachers’ uprising, during which wildcat strikes have raced throughout America as a result […]
After World War Two, the stability of wealth shifted dramatically: the super-rich misplaced a lot capital in the course of the two wars and the interwar interval that their grip on energy slipped, creating the house for a welfare state and different reforms.
One main a part of this shift was the creation […]
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 […]
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 […]