Adjusting wages to the rising costs of living, as the UAW is demanding, is necessary, but the gap between investment income and wages will still keep rising.
inequality
Posted inPodcasts
The Art of Loving
Extreme inequality is bad for billionaires and ordinary citizens alike.
Posted inPolitics
Indicting the System That Bred Trumpism
These overdue charges take us only partway back to functioning democracy.
Posted inHealth and Social Policy
Discount Health
Dollar General is part of a trend of major retailers trying to move into medical care. Cut-rate treatment is the last thing needed in the vulnerable populations dollar stores serve.
Posted inBooks
The Real Problem With Asset Managers
Rich people collect the vast majority of capital income. There’s a better way.
Posted inPolitics
Radical Problems and Liberal Solutions
Joe Biden is doing well given the divided Congress. Unfortunately, the economy’s deep structural problems require far more drastic remedies—and failure has political fallout.
Posted inMoney, Politics, and Power
Fintech’s Latest Scheme
Earned wage access is pitched as a way to instantly get money for paid work. But companies attach high fees, and they are seeking exemptions from consumer protection laws.
Posted inBooks
Held Down by Our Bootstraps
Author Alissa Quart says the myth of American individualism is a poor excuse for inequality.
Posted inEconomic Policy
The Forgotten Left Economics Tradition
In the Progressive and New Deal eras, there was a markedly different response to rising prices, and a different usage of economic theory.