The new Congressional Budget Office report projects that the Affordable Care Act will lead to a decline in full-time equivalent workers of 2.5 million. This is people voluntarily deciding to work less–like mothers with small children, or workers in poor health or close to retirement. That should mean higher wages for the remaining workers.
We already have the technology necessary to attain a decent, sustainable lifestyle — technology that can create more and better jobs.
People need jobs. Put them to work. It’s that simple.
If world’s big corporations prefer to sit on trillions of dollars in order to avoid paying taxes, let them. If they won’t invest, we should.
Greed is not good, and high inequality is making all of us greedier than we should, or could, be.
California can and should find the $1 billion it needs to maintain its current bare-bones CalWORKs support.
Europeans must decide whether their societies are to be governed by the people, for the people or by the market, for the market.
Economists will give you all sorts of answers based on technical factors, but in the end it all comes down to one word: inequality.
Austerity is a political decision, not an economic one. It benefits the few at the expense of the many.
The US economy has been growing since July 2009. So why aren’t things improving in the US realonomy?