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Economic Update – Socialism: Past, Present, Future – 11.12.17

Updates on critique of Uber and gig economy; WI Sen Johnson endorses inequality; Norway to pay male and female athletes same; corporations buy back their own shares; deaths of overworked Japanese; 10% NY school kids homeless; and majority of major US corporations already pay much below official 35% tax rate. Major discussion of changing economics of socialism.   Download this …

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Deirdre Fulton – Rising Student Debt Places Living Wage Even Farther Out of Reach: Report

In most of the United States, even a $15 minimum wage isn’t enough to make ends meet—and the gap becomes a chasm if you factor in ballooning student debt. So says a new report from the People’s Action Institute, released Tuesday, which finds that in most states, the minimum wage provides less than half of the true living wage—an amount …

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Paul Buchheit – Our Jobs Are Disappearing

Americans are feeling the impoverishing effects of the shift from middle-income to low-income jobs. The disappearance—or, more accurately, downsizing—of living-wage jobs is documented by numerous reports that reveal the suddenness and the extent of this affront to middle America. First, the Neoliberal Explanation: It’s Not Really Happening Business writer Robert Samuelson [1] calls the post-recession low-wage recovery a “myth.” To support his claim …

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Laura Finley – How ‘Adjunct’ Professors Are Exploited

The workers’ rights movement has exploded in the last few years, with fast food, agricultural and other workers staging strikes and other nonviolent actions to demand increased wages, benefits and better working conditions. One group of workers that has received far too little attention is adjunct college professors. According to data collected by the Chronicle of Higher Education, adjuncts at …

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I am a cook in the US Senate but I still need food stamps to feed my children – Bertrand Olotara

Every day, I serve food to some of the most powerful people on earth, including many of the senators who are running for president: I’m a cook for the federal contractor that runs the US Senate cafeteria. But today, they’ll have to get their meals from someone else’s hands, because I’m on strike. I am walking off my job because …

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Top Ten Arguments for Raising the Minimum Wage

One.   Seven Nobel Laureates in Economics Endorse the higher minimum wage to $10.10 by 2016, saying it does not lead to lower fewer jobs. Two.   Job losses from raising the minimum wage are negligible. Minimum wage has already been raised 23 times. Every time it was raised it was opposed by some few who said “it is going to lose jobs and …