Truthout
Economy
Federal Minimum Wage Hasn’t Been Raised in 13 Years
Progressives are urging Democrats to raise the pay floor as inflation continues to diminish workers' purchasing power.
Sanders Moves to Limit $76 Billion in “Corporate Welfare” for Microchip Industry
Bernie Sanders introduced an amendment to rein in federal subsidies and tax credits to the private companies.
Report: CEOs Are Driving “Greedflation,” Raising Prices to Pay Themselves More
In 2021, CEO pay rose 18.2 percent. Workers' wages rose 4.7 percent.
Poll Finds 83 Percent of Americans Want to Expand Social Security
The polling suggests that a recent bill introduced by Bernie Sanders to expand the program is quite popular.
Warren, Sanders Slam Banks for Inaction Against Millions of Scams Using Zelle
In 2021, Americans lost about $440 million to scams that used Zelle, whose parent company is owned by big banks.
Stagflation and Global Hunger Are on the Horizon. Neoliberalism Needs to End.
Only a Global Green New Deal that includes the Global South can defeat neoliberalism.
Sri Lanka Is “Grinding to a Halt” Amid Austerity, Prompting Mass Protests
Sri Lanka’s government has forced the closure of all schools and announced plans to cut electricity several hours a day.
Hiking Interest Rates Protects Financial Assets of the 1% at Workers’ Expense
The Fed doesn't need to hurt workers to curb inflation -- there are alternatives, says economist Gerald Epstein.
GOP Is Coordinating With Far Right Hungarian Government to Block Corporate Taxes
A watchdog group slammed Republicans for “choosing to sabotage” the U.S.'s ability to tax corporations.
Second-Richest Man Jeff Bezos Defends Oil Industry Price-Gouging
Prices at the pump have bolstered the call by progressives for a windfall profits tax, which Bezos would oppose.