Truthout
Economy & Labor
Credit Rating Agencies Have Punished Poor Nations for COVID-Related Spending
Rating systems have penalized Ethiopia and Morocco for seeking increases to public spending or debt relief amid COVID.
More Workers Are Saying That Minimum-Wage Jobs Just Aren’t Worth It Anymore
Since the pandemic hit, more people have started to question why they should accept poor working conditions and low pay.
Striking Coal Miners Are Demanding $1.1 Billion From World’s Largest Asset Firm
Warrior Met coal miners are fighting to reverse concessions forced on them when BlackRock became the top shareholder.
Average Global Temperature Has Risen Steadily Under 40 Years of Neoliberalism
Yet we continue to allow fossil fuel companies to profit off destroying the planet, says economist Robert Pollin.
Democrats Considering Inclusion of Union Member Tax Break in Reconciliation Bill
Labor groups have been pushing for a tax benefit that would allow workers to deduct union dues from their taxes.
Renters Are Calling for Direct Cash Assistance as Evictions Loom
An estimated 3.5 million adults say it’s likely they will be evicted in the next two months.
US Could Fund Vaccines for Whole World by Taxing Billionaires’ COVID-Era Profits
The tax would raise $5.4 trillion in revenue and still leave the world’s billionaires about $55 billion richer.
CEO Pay Rose 1,322 Percent Over 42 Years, While Worker Pay Rose Only 18 Percent
A new report suggests several potential policy solutions to reverse the decades-long trend of soaring CEO pay.
New Warren Bill Proposes Taxing Real Company Profits, Not What’s Reported to IRS
The Real Corporate Profits Tax Act would create a 7 percent tax on income over $100 million reported to shareholders.
After a Decade of Activism, $15 Wage Becoming New Average in Some Industries
While the new benchmark is a win for the Fight for $15, it's still far short of a living wage say activists.