Tag: wages

Perhaps some economists can tell a story where rapid wage growth is driving inflation even as the wage share of income is falling, but I’m not that good an economist.

These data are not top-coded, meaning the underlying earnings reported are actual earnings and not “capped” or “top-coded” for confidentiality.

The underlying problem isn’t that Americans have been living beyond their means. It’s that their means haven’t been keeping up with the growing economy. Most gains have gone to the top.

The combination of high corporate profits and growing corporate political power has created a vicious cycle.

Iceland is now the only country in the world that has legalized equal pay between the sexes.

America’s inequality problem continues to be the worst in the industrialized world. 

August job growth was fueled by food and drinking places, social assistance, professional and technical services, finance, and health care.

That’s not how time works. Or economics.

Huge segments of working-class whites—victims paying for the sins of American empire—are desperately seeking to halt change and re-create a mythical past. This is always the last, desperate gasp of a dying culture.

We can't wait around for a 19th-century recovery. We need a new paradigm. We need guaranteed jobs.