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Category: Economy

Can the ‘New’ Trumka Trump Trumka?

by Ralph Nader | Sep 24, 2013 | Economy, Politics

(Richard Trumka | Source: Creative Commons) Sitting in the office of the AFL-CIO president, Richard Trumka, one sees books on labor history, economics, corporate crimes and proposals for change piled up everywhere. Perhaps that helps explain why Mr. Trumka, a former coal miner who became a lawyer, presented his besieged organization’s quadrennial convention in Los […]

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Why Adjunct Professors Are Their Own Worst Enemies

by Maria Maisto | Sep 23, 2013 | Economy

(Source: Coalition of the Academic Workplace) Here’s the biggest obstacle to organizing adjunct professors who comprise 75 percent of college faculty, with part-timers working for $2,700 per course on average. Fear. Most assume adjuncts fear retribution. That worry is not unfounded. But many adjuncts feel paralyzed by a deeper, unspoken fear, one primarily internal and […]

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Federal Regulators Finally ‘Mind the Gap’

by Sam Pizzigati | Sep 23, 2013 | Economy

(Daniel Gallagher | Source: Bloomberg) Watching grown men fulminate in public can be an unnerving experience. Michael Piwowar and Daniel Gallagher—two distinctly CEO-friendly members of the five-person federal Securities and Exchange Commission—did plenty of fulminating last week. This article was originally published in Inequality.org and appears here by way of special arrangement. Piwowar and Gallagher […]

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Taxing Carbon Is Like Taxing Diamonds

by Polly Cleveland | Sep 23, 2013 | Economy

(Source: Creative Commons) To reduce carbon emissions, we must tax fossil fuels—but, say the pundits, we can’t do so because the tax would be regressive, clobbering the poor. In general, sales taxes are indeed regressive; moreover, as I recently argued, sales taxes are partly “passed back” onto suppliers, hitting small businesses hardest. This article was […]

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40 Hours a Week for $2.13 an Hour

by Saru Jayaraman | Sep 18, 2013 | Economy

(Source: CNNMoney) As the fast food workers’ minimum wage campaign gains momentum, another group of workers is expanding the fight to address one of the least-known economic outrages. You may not realize it, but the measly $7.25 an hour McDonald’s and other fast-food giants pay their workers is three times higher than what many large […]

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