Wisconsin Budget Compounds the Economic Challenges for Low-Wage Workers

By: Saturday August 31, 2013 12:30 pm

Workers in Wisconsin and across the U.S. must still cope with a relatively weak labor market.  That is especially challenging for low-wage workers who are struggling with the declining value of the minimum wage, reductions in employer benefits like health care, and growing inequality. Those challenges are exacerbated in Wisconsin by budget decisions made by state lawmakers.

 

The Five Worst Reasons Why the National Debt Should Matter To You: Part Two, the Record Since 1930

By: Sunday August 25, 2013 6:40 pm

In Part One, of a critique of the most important of “Fix the Debt’s” reasons for “Why the National Debt Should Matter To You,” I asserted that high debt levels haven’t caused high unemployment in the United States, and that, if anything causation was in the other direction. I didn’t want to disturb the flow of the argument there with a relatively lengthy survey of some of the numbers in the historical record since the 1930s. But let’s test the idea that High debt causes fewer jobs and lower wages in the United States by looking at that record now.

The Five Worst Reasons Why the National Debt Should Matter To You: Part One, High Debt Levels and Jobs

By: Saturday August 24, 2013 4:00 pm

I came across a post from the “Fix the Debt” campaign last month called “The Top Five Worst Reasons Why the National Debt Should Matter to You.” It’s a post full of debt/deficit lies that cry out for correction. That’s what I’ll provide in this series.

80 Percent of Americans Near Poverty as Obama Laments Less Mobile Society

By: Monday July 29, 2013 1:14 pm

80 percent of U.S. adults struggle with poverty and diminished opportunities. An amazing statistic given America’s position as the richest country in the world and a thorough reality-based indictment of the American Dream mythology. A reality even President Obama, a skilled politician at preying on people’s hopes, was forced to acknowledge recently as the evidence piles up that American society is less mobile than much of the developed world and no longer the land of opportunity.

Second Largest Employer in America Is Temp Agency

By: Tuesday July 9, 2013 11:50 am

If we keep saying recovery over and over again, maybe it will become true. Until then the facts are harsh. The job market is atrocious with most Americans coming off the unemployment rolls by either giving up working or taking low-paying part time and temporary jobs.

Unemployment Rate Remains at 7.6%

By: Friday July 5, 2013 6:59 am

According to the report by the Bureau of Labor Statistics the official unemployment rate remained at 7.6%. In some quarters the report is seen as good news despite the rate stasis because private sector job growth increased by 202,000 as government jobs decreased by 4,000.

FDL Book Salon Welcomes David Stuckler and Sanjay Basu, The Body Economic: Why Austerity Kills: Recessions, Budget Battles, and the Politics of Life and Death

By: Saturday June 29, 2013 1:59 pm

David Stuckler and Sanjay Basu’s new book The Body Economic: Why Austerity Kills is a thorough examination of the toll that recessions take on people’s health. They show, convincingly, that there are many, many channels through which health outcomes can deteriorate when the economy goes into a deep recession. They also show that the manner in which the government reacts to an economic downturn is a critical factor in determining health outcomes. Deterioration in health in a recession, though common, is far from inevitable.

So much for trickle down

By: Tuesday June 4, 2013 1:30 am

“Trickle down” is still the mantra of most every shill on television — perhaps the pipes are just clogged from the rich crapping on everyone else constantly?

A Budget That Tightens Belts by Emptying Stomachs

By: Saturday May 25, 2013 8:30 am

A time-honored tactic of conservative lawmakers is to “starve the beast”by defunding government programs. In the case of food stamps—the quintessential whipping boy for budget hawks—they’re going a step further by trying to starve actual people.

Which DC Lobbying Firms Are the Unemployed Hiring to Represent Them?

By: Wednesday May 22, 2013 3:00 pm

I’m really sick of how “the economy” is the stock market. It. Is. NOT. I also know that the constituents of unemployed and underemployed aren’t out there putting pressure on congress or the President.

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