Truthout
Inequality
US Multimillionaires’ Wages Rose in 2021, While Bottom 90 Percent Got Pay Cut
The bottom 90 percent got a wage cut in 2021, but the top 0.1 percent got a wage raise of 18.5 percent.
“A Giveaway to the Rich”: Progressives Slam Omnibus Retirement Provisions
“A multibillion-dollar tax cut for the rich should not be the last act of a Democratic Congress," said one critic.
NAFTA’s Imposed Poverty Paved the Way for Mexico’s Informal Work Economy
Roughly 60 percent of people employed in Mexico are informal workers with no safety net.
Low-Wage Workers Such as Beauticians Face Unnecessary Licensing Burdens
Multiple studies show that mandatory licensing hurts workers financially, reduces employment and raises consumer costs.
The Fed’s Response to Rising Inflation Protects the Wealthy at Workers’ Expense
Leftist economists Gerald Epstein and Robert Pollin offer an alternative vision for how to combat rising inflation.
Educator Jeffrey Duncan-Andrade: Teachers Must Fight Inequality, Not Create It
Schools typically see children as broken and try to fix them, but it’s our schools and society that is broken.
Capitalism Has Ended the Issue of Scarcity But Worsened the Crisis of Inequality
Capitalism will never deliver material well-being for all. We need a new system.
FTX Crypto Crash Threatens Life Savings of Working People
The dramatic collapse of the cryptocurrency exchange FTX was enabled by politicians’ hands-off approach on regulation.
The Working Class Lost the $2 Billion Powerball Lottery
The lottery is effectively a regressive tax that often replaces state funding for education with ticket revenue.
26 Climate Conferences Have Failed to Halt Emissions. Do We Need a New Strategy?
Negotiations and climate conferences can’t bring change on their own if major powers continue to block them.