Truthout
Economy & Labor
![The hand of a statue of George Washington is seen in front of the New York Stock Exchange on October 11, 2019, at Wall Street in New York City.](https://truthout.org/app/uploads/2019/10/2019_1031-nyse-400x300.jpg)
We Already Have a Wealth Tax. It’s Just Paid to Hedge Fund Managers.
Hedge fund managers are scaremongering about a Warren or Sanders presidency. Really, they're worried about being taxed.
![A woman covered in oil stands in front of a green Extinction Rebellion banner](https://truthout.org/app/uploads/2019/10/2019_1028-oil-protest-400x300.jpg)
Oil Drilling in Greece? This Is What the High Cost of Debt Payments Looks Like.
The Greek government appears all too eager to welcome the oil drilling future.
![Sen. Elizabeth Warren smiles as she takes the stage during a campaign rally](https://truthout.org/app/uploads/2019/10/2019_1028-elizabeth-warren-400x300.jpg)
Elizabeth Warren Thwarts Reporters’ Attempts to Smear Medicare for All
Sen. Elizabeth Warren is right in focusing on what really matters to people -- lower health care costs.
![National Domestic Workers Alliance members demonstrate in front of the U.S. Capitol Building.](https://truthout.org/app/uploads/2019/10/2019_1027-domestic-workers-400x300.jpg)
We Must Raise Labor Standards for Care Workers to Win a Low-Carbon Economy
Organizing and raising standards for care workers needs to be central to bringing labor and climate together.
![United Auto Workers union member Brian Farr of Detroit, Michigan, is the lone picketer at the General Motors Warren Transmission plant on October 25, 2019, in Warren, Michigan. The longest UAW national strike since 1970 came to an end later that day.](https://truthout.org/app/uploads/2019/10/GettyImages-1178079378-400x300.jpg)
GM Workers Ratify Contract Considered “Mixed at Best” by Long-Time Employees
Workers voted on Friday to ratify a contract that was clearly unloved but accepted with a yes vote of 57 percent.
![Members of the Burgerville Workers Union -- the first officially recognized fast food workers union in the United States -- rally in front of a Burgerville location in Portland, Oregon.](https://truthout.org/app/uploads/2019/10/72889230_2401985249928295_5993357653017886720_o-400x300.jpg)
First Fast Food Workers Union in US Prepares to Strike
The strike could potentially become the largest in the history of the solidarity union.
![Workers from United Auto Workers Local 440 picket outside the General Motors Bedford Powertrain factory in Bedford, Indiana, September 18, 2019.](https://truthout.org/app/uploads/2019/10/GettyImages-1169394001-400x300.jpg)
Will GM Workers Stay on Strike in Hopes of a Better Deal?
The GM contract makes some gains, but the union still hopes for better pay and job security for temporary workers.
![Businesspeople standing on painted upward graph on asphalt](https://truthout.org/app/uploads/2019/10/GettyImages-912016366-sm-400x300.jpg)
California’s New Public Banking Option Opens Door for Real Community Investment
Advocates hope California's new law will set a precedent for banking around the country.
![A woman repairs a bike tire while in a shop](https://truthout.org/app/uploads/2019/10/2019_1021-bike-shop-400x300.jpg)
Converting Businesses to Cooperatives Just Got Easier
A coming wave of baby boomer retirements means we need more employee-ownership for small businesses.
![Federal Reserve Building](https://truthout.org/app/uploads/2019/10/GettyImages-113690314-400x300.jpg)
The Federal Reserve Was Set Up to Provide Capital to Largest Wall Street Banks
The Fed has paid Wall Street banks to effectively purchase the government's debt.