Truthout
Economy & Labor
One Billionaire Has Been Created Every 30 Hours During Pandemic, Oxfam Says
Inequality “literally kills,” says a new Oxfam International report, which calls for taxing billionaires.
Graduate Student Workers Across the Country Are Helping Each Other Unionize
The interconnectedness of the movement across far-flung campuses is fueling a cascade of wins in unionization campaigns.
Supply Chain Failures Prove Growing Need for Localized Economies
The pandemic showed that localized economies are better equipped to respond to the needs of their communities.
Labor Officials Find Amazon Threatened Pro-Union Workers With Wage Cuts
NLRB officials found the company threatened workers in captive audience meetings that they would have their wages cut.
26 of US’s Richest Billionaires Paid 4.8 Percent Tax Rate in Recent Years
Warren Buffett paid an effective tax rate of only 0.1 percent between 2013 and 2018, IRS documents show.
7 in 10 Young Voters Support Canceling Student Debt, Poll Finds
The new data adds to a slew of previous polls, nearly all showing that most Americans favor student debt cancellation.
Baby Formula Shortage Reveals Corporate Monopolies’ Grip on Market
Currently the U.S. government subsidizes only a few formula brands. Overhauling this system would combat monopolization.
Officials Raise Concern Over Biden’s Plan to Limit Student Loan Cancellation
Officials say the Education Department doesn’t have the data to implement a debt cancellation plan with an income cap.
Trader Joe’s Workers Announce New Union Effort in Letter to CEO
Despite the company’s progressive image, workers say that the company has increasingly treated them as disposable.
Median CEO Pay Leaps to Record $14.7 Million as Workers Strike for Better Wages
2021 was the sixth consecutive record-breaking year for executive compensation.