The US political economy helps exactly one tiny group. The rest of us are irrelevant. But thanks, says President Obama and and his collaborator Lloyd Blankfein.
|By: Peter Van Buren Wednesday October 1, 2014 11:20 am|
Barack Obama told Americans every worker deserves to know “if you lose your job, your country will help you train for an even better one.” A nice sentiment,and politically safe; it’s just the wrong answer. Those “better jobs” don’t exist, and training doesn’t create jobs. Despite all that, every year the U.S. government spends billions of dollars on job training, with little impact. What’s the right answer?
In 2007 then-candidate Obama visited Janesville, Wisconsin, location of the oldest General Motors plant in America. Echoing his current promise to support unemployed Americans with job training, Obama proclaimed “I believe that, if our government is there to support you, this plant will be here for another hundred years.” However, two days before Christmas and just about a month before Obama’s inauguration, the plant closed forever.
|By: WI Budget Project Tuesday September 2, 2014 7:05 pm|
Wisconsin’s economy is adding jobs at a slow pace, wage growth has stalled, and many workers don’t have the security and opportunity they need to get ahead, according to a new Labor Day report released from the Center on Wisconsin Strategy (COWS).
The report, “The State of Working Wisconsin, 2014,” provides a thorough examination of Wisconsin job numbers, wages, poverty, and job quality.
|By: DSWright Tuesday August 12, 2014 11:04 am|
It’s the fake recovery, stupid. Despite lavish talk of an economic “recovery”, consumer confidence has remained low. Unlike the 1% who are seeing their wealth climb higher on the back of juiced financial markets and tax cheating the average American is living outside the plutonomy in a more limited world. In that world the new jobs pay an average of 23% less than the ones lost during the recession caused by Wall Street. In that world people still live paycheck to paycheck with little possibility for a more prosperous future.
|By: WI Budget Project Monday July 14, 2014 7:15 pm|
The term “border wars” has taken on a new meaning for many states and cities across the United States that have been engaged in the practice of job piracy. However, a number of areas in the country are shifting away from this practice of luring jobs over state borders after recognizing that it is inefficient and does little to fuel job growth. Wisconsin policymakers should learn from the experiences in those states and localities and from the remedial actions they are taking.
|By: dakine01 Wednesday June 4, 2014 2:18 pm|
Through all these four plus years of job growth to get back to where we were at the start of the Great Recession, we have been falling behind as it takes roughly 90,000 new jobs each month just to keep up with the new people entering the job market each month. If we take it back to the beginning of the Great Recession in December 2007, we are still in the hole on needed jobs by a bit over 7M (6.5 (years) x 12 (months per year) x 90K (jobs per month) = 7,020,000.)
|By: David Cox Sunday May 4, 2014 5:50 pm|
Are you one of the tens of millions of Americans, left behind in the new economy? Have you found that your advanced degree in science, education or mathematics, hasn’t helped much in the current job climate? We’ll, you don’t need to be a rocket scientist or a college professor, to put two and two together. We must all adapt to the times, we can’t keep looking back, pining for the old days. We must move on or as the President says, “we must move forward,” seeking the new careers for the new America.
|By: DSWright Monday March 31, 2014 11:33 am|
Ask a neoliberal why trickle down economics is not working in America and there are a few standard excuses offered. The excuses range from the fringier “inner city people are lazy” to the boilerplate “government is distorting markets” to the more establishment friendly “it’s a lack of education.” Let’s put racial dog whistles and reactionary ideology aside for a second and focus on the last excuse, education.
|By: Jane Hamsher Monday March 17, 2014 2:37 pm|
The richest man in the world also opposes raising the minimum wage, and believes that in order to prevent the social unrest that comes with mass unemployment the government should appeal to the better natures of large corporations by eliminating corporate and payroll taxes in order to encourage them to employ people they apparently won’t need.