Wage Stagnation Is Everyone’s Problem – WSJ

In the past two decades there has been a sharp drop in the share of national income going to working- and middle-class Americans. As the discontent among these workers begins to affect their livelihoods and the entire nation’s politics, policy makers must either hope the market will somehow fix wage stagnation or enact policies to […]

All the Ways the Republican Tax Bill Will Help Rich People While Screwing You Over

Getty In an age of unprecedented inequality, Senate Republicans still found the gall to pass a tax plan in the early hours of Saturday morning that constitutes an enormous transfer of wealth from the poor to the very wealthy. As The New York Times reported on Friday: “By 2027, people making $40,000 to $50,000 would […]

Hell Is Empty And All the Hedge Fund Managers Are At The Bellagio

Image by Jim Cooke/ GMG Blue blazers. Blue checked shirts. Collar open. No tie. Brown shoes. Black shoes. Or Nike shoes. New, new, all new. Soft leather satchels with bold brass zippers. Good cufflinks. Good watches. Better than you know. Hundred dollar haircuts. Straight razored shaves. Shaped cuticles. Manicured nails. Clean, soft, tailored. New. Talking […]

Google accused of ‘extreme’ gender pay discrimination by US labor department | Technology | The Guardian

Google has discriminated against its female employees, according to the US Department of Labor (DoL), which said it had evidence of “systemic compensation disparities”. As part of an ongoing DoL investigation, the government has collected information that suggests the internet search giant is violating federal employment laws with its salaries for women, agency officials said. […]

A Tiny Bit Of Good News On Inequality Before It All Goes To Hell

The good news: our relatively strong economy helped to raise wages for everyone in 2016. The bad news: this is a mere blip in the context of overall inequality. And it’s likely to get worse. The Economic Policy Institute today released its annual report on the state of wages in America. Last year had some […]

Column: The claim that if wages go up, jobs will go down is not a theory — it’s a scam | PBS NewsHour

The claim that if wages go up, jobs go down isn’t a description of reality at all. It is a negotiating strategy used by employers to keep wages down and profits high, writes billionaire venture capitalist and $15 minimum wage proponent Nick Hanauer. Photo by Brendan McDermid/Reuters Editor’s Note: This column is reproduced with permission […]