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Here’s another example of how money corrupts the electoral system: a pro-business special interest group has spent almost $7 million on New York City Council races.

It's no secret that the employment data released monthly by the Bureau of Labor Statistics is basically a joke because BLS wildly undercounts the number of people who have given up looking for work or otherwise faded from the full-time labor force. 

Seniors are getting squeezed in so many ways. Healthcare and other basic expenses are rising. Fewer have pensions to supplement their Social Security income in retirement. Low interest rates mean what savings they do have isn’t growing quickly — unless they are willing to invest in higher-risk financial products.

Paying workers more would lead to lower profits and layoffs for America's biggest corporations, right? Not necessarily. 

Critics of a minimum wage hike cite a commonly held belief that forcing low-paying employers such as Wal-Mart to boost compensation would lead to greater economic suffering. Higher labor costs, they argue, would require higher prices, prompting layoffs and more pain.

Are people better off than they were before the recession?

Walmart employees and their supporters have planned national protests today to demand an increase of their wages. Here is why the average American should support the workers’ demands.

We famously live an age of capital, where those who own businesses or other assets are prospering, while most people who rely on the value of their labor are doing terribly.