Truthout
Economy
Federal Reserve Puts Burden of Curbing Inflation on Global Working Class
The Fed's plan to raise interest rates could increase unemployment and set the stage for lowering wages.
Progressive Economists Say Interest Rate Hikes Are Wrong Approach to Inflation
The Federal Reserve's recent moves risk causing a recession and imposing more pain on vulnerable workers, critics warn.
Poll Shows Confronting Corporate Greed Is Biden’s Best Anti-Inflation Message
Voters are particularly responsive to messaging that connects price hikes to profiteering by big business.
Sanders Wants to Up Social Security Benefit by $2,400 a Year by Taxing the Rich
"Our job is to expand Social Security so that everyone in America can retire" with dignity, Sanders said.
Unemployment Due to Voluntary Quits Falls in May Amid Strong Job Growth
The May jobs report shows clear evidence the labor market is normalizing, with wage growth continuing to slow.
In Debates Over Prison Closures, Don’t Prioritize “Economic Impact” Over Lives
Towns that rely on a system that criminalizes and cages human beings need to rethink how their economies are organized.
Labor Force Participation Continues Toward Pre-Pandemic Levels
While the economy added 428,000 jobs in April, however, overall wage growth showed signs of slowing last month.
Don’t Forget Trump Got 74 Million Votes in 2020. The Reelection Threat Is Real.
Don't discount the possibility of a Republican House, Senate and presidency come 2024. We must pay attention.
Majority of Corporations Don’t Pay State Income Taxes in at Least 7 States
Between 60 and 90 percent of corporations in seven states paid zero state corporate income taxes between 2015 and 2019.
March Employment Growth Closes in on Pre-Pandemic Levels
While job growth remains strong, wage growth may be slowing.