Economy - Part 12
Universal basic income is, according to its many and various supporters, an idea whose time has come. The deceptively simple notion of offering every citizen a regular payment without means testing or requiring them to work for it has backers as disparate ...[Read more]
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The rising cost of rent and housing in California is forcing residents into alternative accommodation with middle class workers taking up residence in their cars and RVs by the side of the road to make ends meet.
Hundreds of people, including nurses and ...[Read more]
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A new report from a London think tank claims that China will totally overtake the US economy in size by 2032, with four other Asian nations – India, Japan, South Korea, and Indonesia – joining it in the top 10. ...[Read more]
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On RAI with Paul Jay, Chris Hedges discusses the psychology of the super
rich; their sense of entitlement, the dehumanization of workers, and mistaken
belief that their wealth will insulate them from the coming storms ...[Read more]
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The US government may have misspent $21 trillion, a professor at Michigan State University has found. Papers supporting the study briefly went missing just as an audit was announced.
Two departments of the US federal government may have spent as much as $ ...[Read more]
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In 1980, the average worker on the bottom half of America’s income ladder earned about $16,000 a year (in today’s money). Over the ensuing three-and-a-half decades, the average national income in the United States grew by 61 percent. That rising tide ...[Read more]
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Why millennials are facing the scariest financial future of any generation since the Great Depression. ...[Read more]
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A research paper titled “Decomposing the Productivity-Wage Nexus in Selected OECD Countries, 1986-2013,” studied 11 advanced-capitalist countries and found that in eight of them median wages have not kept pace with growth in labor productivity. To put ...[Read more]
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The UNâs Philip Alston is an expert on deprivation and he wants to know why 41m Americans are living in poverty. The Guardian joined him on a special two-week mission into the dark heart of the worldâs richest nation ...[Read more]
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Homelessness is now a serious risk for working families with stable jobs who cannot find somewhere affordable to live after being evicted by private-sector landlords seeking higher rents, the local government ombudsman has warned.
Michael King said nurses ...[Read more]
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A new report released Thursday finds that economic inequality has soared in nearly every country around the world, with the United States' income and wealth gaps widening to a particularly extreme degree compared to European and other countries.
The World ...[Read more]
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