Welcome to the New America: Low-Wage Nation Common Dreams ...More and more, Americans are trapped in the uncertainty and injustice that immigrant workers know all too well, whether they’re here on temporary work visas cleaning luxury condos or undocumented and scrambling for daily construction jobs. Increasingly, from an economic standpoint, office parks and store aisles in America are coming to resemble the street corners where day laborers gather and the labor camps where guest workers are trapped...
The Strange Case of American Inequality Project Syndicate ...unless something – and it will need to be something major – returns the US to its pre-2008 growth trajectory, future economic historians will not regard the Great Depression as the worst business-cycle disaster of the industrial age. It is we who are living in their worst case...
The Skills Shortage Myth: A Public Relations Tool for Bad Corporate Citizens Economic Policy Institute ...the existence of skill shortages ... exists mostly in the minds of those wanting access to low-wage, indentured servants or public subsidy for the training that firms should be doing themselves...
NSA statement does not deny 'spying' on members of Congress The Guardian ...The National Security Agency on Saturday released a statement in answer to questions from a senator about whether it “has spied, or is … currently spying, on members of Congress or other American elected officials”, in which it did not deny collecting communications from legislators of the US Congress to whom it says it is accountable...
Bankruptcy Filings Fall 13% in 2013 Credit Slips ...The monthly decline continues a long-term trend of falling bankruptcy filing rates. Filings are currently running around 3.3 per 1,000 persons...
Manufacturing Growth to Help Propel U.S. Expansion: Economy Bloomberg ...Factory purchasing managers said orders were the strongest since April 2010, helping explain why companies such as General Motors Co. (GM) and Ford Motor Co. (F) are taking on more workers in response to rising sales...
Forget Mega-Corporations, Here’s The Mega-Network TechCrunch ...Corporations are arguably more powerful today than ever before. But the economy isn’t dominated by a handful of megalithic conglomerates. it consists of hundreds or thousands of smaller, more specialized firms...
The Secrets of White Collar Prisons DuJour ...Bernie Kerik, Jack Abramoff and Dennis Kozlowski—three of the most high-profile men to be on the inside—smash the perception that prison life is anything like "Club Fed"...
Brother, Can You Spare $91.44 Billion? Economic Populist ...Wall Street got $91.44 billion in bonuses for 2013. The 98% of us want those bonuses paid back to the victims of the financial crisis...
Outsourcing Pays Big to Private Companies While Americans Suffer Economic Populist ...These same contractors obtaining overpriced contracts through privatization pay their workers little. There are now two contract workers per federal employee and that ratio is getting worse. ... Privatization of government is creating a nation of wage slaves...
An Error Message for the Poor New York Times ...students of anti-poverty programs remember a litany of automation and contracting meltdowns — some of them prolonged, even epic. Florida, 1992-93. Michigan, 1998-99. Colorado, 1998-2002. Texas, 2006-7. Indiana, 2007-9. The Colorado Benefits Management System is particularly memorable: When first implemented, it reportedly refused food stamps to anyone who did not have a driver’s license from Guam...
OP-ED: NAFTA’s 20 Years of Unfulfilled Promises Inter Press Service ...Under NAFTA, cheap subsidised corn from the United States flooded Mexico, making it impossible for millions of Mexican farmers to compete. Government support previously given to small farmers was withdrawn and directed to big agricultural exporting corporations instead...
Boeing machinists approve contract securing 777X jet Reuters ...Boeing's machinists on Friday narrowly approved a crucial labor contract that secured thousands of jobs and billions of dollars of economic activity for Washington state but will cost workers their pensions...
Housing tear-downs on the rise as real estate rebounds Los Angeles Times ...The rebounding housing market has sparked the demolitions. In November, the median price for a home in Southern California was $385,000, up nearly 20% compared with the same month a year earlier, according to research firm DataQuick...
