Tag: trade

Links 12/22/16

Consumer Financial Protection Bureau:

The CFPB has recently become “one of Washington’s most powerful and pugnacious regulators,” as The New York Times reported last month:

The bureau has overhauled mortgage lending rules, reined in abusive debt collectors, prosecuted hundreds of companies and extracted nearly $12 billion from businesses in the form of canceled debts and consumer refunds. In September, it exposed the extent of Wells Fargo’s creation of two million fraudulent customer accounts, igniting a scandal that provoked widespread outrage and toppled the company’s chief executive.

Minimum Wage:

Childhood Poverty:

Inequality:

The wealthy didn’t always take such a big share of the proverbial “pie.” In the 1970s, a decade generally seen as fairly prosperous, the top 1% of Americans earned just over 10% of all U.S. income (i.e. the “pie”).
Over time, the rich became more lucky — or more greedy. Today the top 1% take home more than 20% of all U.S. income.
As the wealthy earned more, someone else in America had to get less. The bottom 50% went from capturing over 20% of national income for much of the 1970s to earning barely 12% today.
The turning point started around 1980, as seen in the graph below. By the mid-1990s, the fortunes of the top 1% were clearly on the rise and those of the bottom half were declining rapidly.

It’s time for the bottom 50% to take back their fair share.

White Collar Crime:

Trade:

Labor:

Policy:

Healthcare:

Links 12/20/16

The Rigged System for the 1%:

Infrastructure Jobs:

Trade:

Social Security:

Trump explicitly said that he would not cut Social Security benefits if elected. “I’m not going to cut it, and I’m not going to raise ages, and I’m not going to do all of the things that they want to do. But they want to really cut it, and they want to cut it very substantially, the Republicans, and I’m not going to do that,” he told a Wisconsin radio station during the primary.

Transition:

Overtime Pay:

Deregulation:

Poverty:

Wages:

2016 Election:

Just three counties – Macomb County, MI; York County, PA and Waukesha County, WI – elected Donald Trump. If those three counties had cast zero votes, Trump would have lost all three states and the election. By the same logic, just three counties re-elected President Obama in 2012: Miami-Dade County, FL; Cuyahoga County, OH and Philadelphia, PA.

White Collar Crimes:

Links 12/8/16

White Collar Crime:

Inequality and Mobility:

Wages:

Trump’s Promises to America’s Workers:

Labor:

Jobs:

Wealth Gap and Savings:

Trade:

Links 12/7/16

Jobs:

Poverty:

White Collar Crime:

Unjustified CEO Compensation:

Offshoring Jobs:

Trade:

  • Desperately Searching for a New Strategy Tim Duy’s Fed Watch. There are a lot of interesting points in this article, but I could not disagree more strongly with the following: “Just pretending to care is important. At a minimum, the electoral college makes it important.” The Democrats pretended to care about inequality, but they delivered very little. That’s why they lost. If Trump doesn’t deliver, he’ll lose also.

Plutocracy:

  • Trump Assembles a Strategic and Policy Forum to Better Hear the 1% Fabius Maximus. This forum includes some of the most successful business people in the country. These people know how to create jobs. They didn’t care about it in the past because it was never in their economic interest. Let’s see if Trump can force real ideas out of them.

Wages:

  • An Econ Theory, Falsified Noahpinion: Interesting perspectives on the impact of immigration and minimum wage raises on jobs

The Ignored Voices of the American People:

Populist Revolution:

Health Care:

Links 12/4/16

Trade:
Trump Takes Twitter Aim at Companies Looking to Move Jobs Abroad “A 35 percent tariff, he said, ‘will make leaving financially difficult, but these companies are able to move between all 50 states, with no tax or tariff being charged.’”

Jobs:
Trump to Intervene to Keep U.S. Jobs at Home on ‘Day by Day’ Basis, Pence Says

The Enormous Wage Potential Of Infrastructure Jobs This is old, but relevant given Trump’s proposed $500 billion infrastructure investment.

The Honest Pathway to Better Jobs: Trump’s Wrong, So Are Democrats “Middle-class jobs — those paying, say $40,000 to $80,000 a year — depend on improving productivity. When workers add more value, it makes sense to pay more money.” Agreed. Then why is there such a big disconnect between productivity and a typical worker’s compensation since the 1970’s?

Manufacturer Rexnord Plans to Move 300 High Paying Jobs to Mexico This is an older article, but it’s about the company that Trump is currently targeting. Although profits dropped from 2015 to 2016, Rexnord still generated $67.5 million in profit in fiscal 2016.

Wages:
Millions of Workers in Limbo after Rule Expanding Overtime Pay Eligibility is Put On Hold

Corporate Welfare:
Sanders Says Carrier Deal Sets a Dangerous Precedent “[Trump] has signaled to every corporation in America that they can threaten to offshore jobs in exchange for business-friendly tax benefits and incentives.” I don’t see this a real threat, but maybe I’m wrong.

Northrop’s Corporate Welfare

Poverty:
Study: Poverty Should Be Measured by More Than Just Income

Links 11/27/16

Each Sunday, we’ll compile reading on the quality of life during America’s Great Recession. This might become a daily feature.

White Collar Crime:

Equal Opportunity:

Access to Quality Education:

Worker’s Wages:

Inequality:

Infrastructure Jobs:

Jobs:

Trade:

Enjoy your weekend! Please comment below with any other articles that you think would be a benefit to our readers. Please introduce yourself also!