There appears to be growing consensus among economists and policy makers that inflation is now the main threat to the U.S. economy and the Federal Reserve Board needs to start ratcheting up interest rates to slow down economic activity.

Not only did all the racial and ethnic populations, with the exception of Asians, experience far higher COVID-19 mortality rates than did whites, their respective rates were at least twice that of whites.

Pretty much everyone accepts that inequality is a big problem in the U.S. But it is doubtful that most people truly grasp how successfully U.S. elites have captured the benefits of economic growth and, as a result, how much the resulting inequality has cost them.

The reality is that the labor movement has a long struggle ahead and it should not be distracted by unwarranted fears of inflation.

This is far from a “hot take”: financial wealth in the United States is highly concentrated, with most households, especially Black and Hispanic households, owning few financial assets

Many are understandably alarmed about what the September 4th termination of several special federal pandemic unemployment insurance programs will mean for millions of workers.

According to an Economic Policy Institute report, between 28 and 47 percent of U.S. private sector workers are subject to noncompete agreements.

Many activists in the United States are working to build a movement for a Green New Deal transformation of the economy. Not surprisingly, a growing number look to the World War II conversion of the U.S. economy from civilian to military production for inspiration and policy ideas. 

We face many big challenges. And we will need strong, bold policies to meaningfully address them. Solving our child-care crisis is one of those challenges, and a study of World War II government efforts to ensure accessible and affordable high-quality child care points the way to the kind of bold action we need. 

In reality there is little support for the argument that expanded unemployment benefits have created an overly worker-friendly labor market, leaving companies unable to hire and, by extension, meet growing demand.

A battle is slowly brewing in Washington DC over whether to raise corporate taxes to help finance new infrastructure investments.

The research is pretty clear that oppressive economic and social conditions are bad for one’s mental and physical health. And there is also research showing that protesting is good for one’s mental and physical health.

Our unemployment insurance system has failed the country at a moment of great need. With tens of millions of workers struggling just to pay rent and buy food, Congress was forced to pass two emergency spending bills, providing one-time stimulus payments, special weekly unemployment insurance payments, and temporary unemployment benefits to those not covered by the system.  

A meaningful working-class recovery from the recession seems far away.

This post highlights the successful government directed wartime reorientation of the U.S. economy from civilian to military production, an achievement that both demonstrates the feasibility of a rapid Green New Deal transformation of the U.S. economy and points to the kinds of organizational capacities we will need to develop.

It wasn’t that long ago that the country celebrated frontline workers by banging pots in the evening to thank them for the risks they took doing their jobs during the pandemic.

We face a multifacited labor crisis. One of the most important aspects of this crisis is the U.S. economy’s diminishing capacity to provide employment. This development is highlighted in the chart below, which shows the trend in civilian employment over the last thirty years. Civilian employment includes all individuals who worked at least one hour for […]

Workers in the United States are in the midst of a punishing COVID-19 economic crisis.

We need strong unions, all of us. Tragically, even during the pandemic, businesses continue to aggressively resist worker attempts at unionization. And recent decisions by the NLRB only add to worker difficulties.

The current economic crisis has hit workers hard. Unemployment rates remain high, with total weekly initial claims for unemployment insurance benefits continuing to grow.