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Today, bankruptcy judge Steven Rhodes ruled that the criteria for the bankruptcy proceeding for the City of Detroit have been met and the legal proceedings will go forward immediately. While at the same time disappointing and expected, there are some important elements in the ruling that could shape

The left has gotten its mojo back in recent years, rediscovering its populist roots to take on Wall Street and -- through a revived labor movement and other attacks on inequality -- returning to its central project of creating a just economy. But something is still missing from the progressive pitch

In fact, the Volcker rule is already federal law, passed as part of the massive financial sector overall bill known as the Dodd-Frank Act, signed in 2010. But since that time, five separate regulatory agencies, including those that focus on the markets and others on the banks, have been working to

In today’s New York Times, Paul Krugman takes on the plight of low-wage retail and fast food workers, who have seen their real wages fall almost 30 percent since 1973 even as this sector has become a larger part of our economy. During a season when Americans flood the stores for holiday shopping

With millions still out of work, and slack demand seeming like an entrenched reality, getting to "full employment" sounds like an almost Utopian idea. Of course, it's not -- the U.S. economy has twice emerged from recessions in the past quarter century to achieve something close to full employment

Tens of thousands of Detroiters are waiting anxiously for 10 a.m. Tuesday. That’s when they’ll hear from Judge Stephen Rhodes whether the city is eligible for bankruptcy protection, a decision that could affect pensions, city services and healthcare for residents. Detroit filed for bankruptcy

In 2012, Walmart banked $22.1 billion in profit and paid $5.3 billion in federal taxes. But if it had increased wages for its workers from $7.25 (the current minimum wage) to $12.50, it would have simply deducted the expense from its taxable income and would likely have passed along the increase to

On behalf of The Leadership Conference on Civil and Human Rights and the undersigned organizations, we urge you to become an original cosponsor of “The Equal Employment for All Act” sponsored by Senator Elizabeth Warren (D-MA). In addition to the weak economy, job-seekers today confront another less

They walked through the parking lot of the Walmart Supercenter at Oakwood Commons, handing out fliers, then continued into the store with the same message for the Black Friday bargain hunters: Walmart pays its workers too little.

Anthony Goytia, who works nights stocking shelves at a Walmart store in Duarte, Calif., says all he wants from the retailer is a living wage and a little respect. "I'm a hard worker and take pride in my work," said the 31-year-old, who as a part-time employee earns $9.60 an hour, or roughly $12,000