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McDonald's wall painting
Fast food workers have organized a series of one-day strikes in cities across the country, calling for better pay and union representation.
Blog
Amy Traub
This week has delivered two economic surprises that illustrate the right way and the wrong way to respond to the worst economic disaster since the Great Depression. First, the euro zone economy shrank more than expected in the past three months, moving France back into a recession. That's what
Blog
David Callahan
Previous research has found that the majority of the jobs added to the economy since the end of the recession pay low wages. Middle-wage and high-wage jobs haven’t seen nearly the same rate of growth, meaning that the economy has traded comfortable jobs for those that merely allow workers to scrape
In the media
Bryce Covert
At the very least, argues a recent report from Demos, the American government owes employees on its payroll a livable wage. Demos, a research and policy center focused on economic stability, defines low-wage work as “a job paying $12 an hour or less, equivalent to an annual income of about $24,000
In the media
Dan Ritter
The Guardian has a compelling and distressing profile of the harsh reality of climate change that many already face. The story profiles a village on the west coast of Alaska called Newtok that is surrounded on three sides by the Ninglick River.
Blog
J. Mijin Cha
The IRS is under siege for investigating conservative political groups applying for tax-exempt status. But the real problem wasn’t that the IRS was too aggressive.
In the media
Ari Berman
With Jamie Dimon under growing fire from shareholders of JP Morgan Chase, one possibility is that he may relinquish his role as chairman of the board but remain as CEO. That raises an interesting question: Why does Dimon hold both jobs to begin with?
Blog
David Callahan
A JP Morgan Chase shareholder insurrection threatens to split the roles of Chairman and CEO, stripping Jamie Dimon of the chairmanship. People with reputations for wisdom and good judgment like Rupert Murdoch and Hank Paulson have rushed to defend the dapper and aggressive Dimon claiming that he is
Blog
Wallace C. Turbeville
Silicon Valley, better known for big innovation, and big houses, is also falling prey to equally enormous economic inequality. There's been a 20% rise in homelessness in the last two years, and while jobs for the tech-savvy are growing faster than they have in a decade, so is food stamp usage. About
Blog
Ilana Novick
A study released earlier this month from the public policy group Demos states that through various forms of government funding in the private sector, nearly two million people are making $12 an hour or less. The number of workers at Wal-Mart and McDonald's together at $12 an hour or less is
In the media
Mark Koba