Truthout
Economy
2021 Saw Gaps in Racial and Economic Inequality Widen. But There’s Still Hope.
These 11 charts highlight major inequality developments of the year.
Not Just Billionaires — the Average Rich Person’s Pay Has Risen During COVID
Wages grew much faster for top earners than they did for everyone else in 2020, reflecting a 40-year trend.
Congress Raises Debt Ceiling After Months of Republican Obstruction
Congress raised the ceiling just before the country was set to default on its loans, which would cause economic turmoil.
“Your Debt Is Someone Else’s Asset”: Calls Grow to Keep Student Loan Moratorium
The $15 trillion in U.S. household debt is a form of wealth transfer from the poor to the rich.
Marginalized Workers Facing Labor Market Discrimination See Largest Jobs Gains
The most disadvantaged workers are seeing the greatest declines in unemployment.
Using Inflation as an Excuse, Corporations Raised Prices & Increased Profits
The new data contradicts the widespread misconception that stimulus packages and other spending bills were to blame.
Our Fast Supply Chain Put Workers’ Lives at Risk. Let’s Not Bring It Back.
There are good reasons that so many people are walking away from underpaid, life-threatening work.
Raising the Standard of Living for Everyone Could Offset the Pains of Inflation
Decades of corporations monopolizing industries has given them the power to artificially inflate the prices of goods.
Not Everyone Is Feasting. Food Insecurity Is Much Higher Than Before COVID.
This is a crisis — magnified by the pandemic — not of food-production failures but of skyrocketing inequality.
We Work Too Damn Much. Let’s Demand a 4-Day Workweek by 2022.
A four-day workweek would make time to rebalance our lives and also create space for collective action to thrive.