Economic and Social Justice

Economic and Social Justice (105)

Our economy has long been out of balance. Workers’ efforts across the country create wealth, but the profits don’t get to the working people who produce them. Correcting that so that workers are paid enough to sustain their families and make ends meet, is not easy. It requires changing rules that unfairly favor the rich and are written by politicians beholden to the wealthy. That’s why the recent move by Los Angeles to raise the minimum wage to $15 is so meaningful. 

Are you an employee?

It seems like a simple question that must have a simple answer for most people. But definitions in different laws and rulings enforcing the laws vary. And that variation provides an opening for a growing number of employers to cheat governments of taxes and workers of income, benefits and protections by misclassifying their employees, especially as “independent contractors.”

On the need for workers to look beyond city councils and form a radical new labor movement.

 

Is the best way to achieve higher wages really legislation? Many think so. Across the country, working people are eagerly waiting to feel the effects of new laws that raise the minimum wage. Seattle will see an increase to $15 by 2021, and Los Angeles will see the same increase by 2020. But this strategy detracts from the only power dynamic that can actually overturn economic inequality: class struggle.

Annie E. Casey Foundation study finds recovery from Great Recession has left out children of color altogether.

 

There are roughly three million more U.S. children living in poverty today than during the outbreak of the Great Recession in 2008, and the so-called economic recovery has bypassed children of color altogether, a harrowing new report reveals.

Former finance minister blasts EU, saying: "No one government should ever be treated that way in the context of a club of democratic nations."

 

In his first international television interview since stepping down from his post as Greek Finance Minister, Yanis Varoufakis toldCNN's Christiane Amanpour on Monday that European lenders had forced his government to make a choice between "suicide or execution."

While Hillary Clinton occasionally gives some lip service to the problem of extreme inequality, Bernie Sanders is the only candidate really hammering away at it. He has even blasted the orthodoxy of economic growth for its own sake, saying according to Monday’s Washington Post that unless economic spoils can be redistributed to make more Americans’ lives better, all the growth will go to the top 1% anyway, so who needs it? Sanders might know his history, but the rest of the candidates could use a little primer.

His vision for the economy is out of step with reality: The US lacks good jobs, not productive workers.

When economic theory makes its way into campaign trail chatter it can take on a life of its own. And Jeb Bush’s gaffe-of-the-week showed how even today, Reaganomics keeps trickling down into the popular conservative parlance.

On the eve of his presidential announcement, the governor signed an anti-worker budget. Now he wants to do to America what he did to Wisconsin.

Jeb Bush took a lot of hits last week for suggesting that Americans “need to work longer hours.”

But Scott Walker has gone Bush one better. The governor of Wisconsin and Bush rival for the 2016 Republican presidential nomination just codified the concept.

WASHINGTON - Adding to their campaign against the National Labor Relations Board - and worker rights - the ruling Republicans on the House subcommittee that helps dole out federal funds slashed $74 million from the board's budget for the year starting Oct. 1.

But even more important than cutting its spending from $274 million this fiscal year to $200 million in fiscal 2016 - President Obama wanted $278 million - is that the lawmakers attached several "riders" banning the board from acting in various areas.

Many Americans either simply have no retirement savings at all, or lack the time or expertise to know if their employer’s plan is a good one

Are we all in denial or is it simply impossible to save enough for retirement? Is it some kind of toxic combination of the two? Whatever the reason, yet another study – this one from no less an authority than the non-partisan US government accountability office (GAO) – is here to remind us that we’re woefully unprepared, financially speaking, for retirement. While we may all have dreams about how we’d like to spend our retirement years – fishing, golfing, writing that great American novel – the truth is that as many as half of all households with Americans 55 and older have no retirement savings at all . Nothing. Zip. Nada. Not a dime.

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