Monday, March 02, 2015

Last week, Washington, and talking heads, greeted October's jobs report with a fanfare and proof of teh "recovery." But today, five years after the economy officially went into “recovery,” three million people remain among the ranks of the long-term unemployed — jobless for 27 weeks or more. That number is down from its 2010 peak, but as the Economic Policy Institute’s David Cooper noted earlier this year, it still “far exceeds pre-Great Recession levels in virtually every state.”

Category: Questions and Commentary

The rich keep getting richer, and by next year, just a handful of the upper-class will have accumulated more than half of the world's wealth. Oxfam  was able to determine that the richest 1 percent of the world's population currently controls 48 percent of the world's total wealth. 

If trends continue, Oxfam predicts that the most-affluent will possess more wealth than the remaining 99 percent by 2016, The New York Times reported.

Category: No Job News

Some commentators are under the false impression that wage inequality is a simple consequence of employers’ demand for increased skills and education—often thought to be driven by advances in technology. According to this myth, because there is a shortage of skilled or college-educated workers, the wage gap between workers with and...

Category: Round Up of News From the Web

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Tax Cuts Will NOT Help The Unemployed

 

With corporations already awash in cash, tax cuts won’t get them to start hiring people. The Washington Post quotes Zachary Karabell, president of River Twice Research: "There's not a whole lot that you could do to entice companies to hire. You could cut taxes on them, but they're not going to hire just because they have the extra cash, because they already have the extra cash."
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