Unemployment is low and standard economic theory says that when unemployment drops, wages should rise. However, the latest Department of Labor report shows that even though unemployment has reached historic lows at 3.9%, wages are not rising. Why? TRNN explores the reasons with Prof. Robert Pollin
A new paper from PERI finds that there is a sizable deviation in net social wage data in the 21st century. The study’s author, Katherine A. Moos, examines possible causes-such as healthcare inflation and unemployment-and aims to explain why neoliberal governments would tolerate a growing discrepancy between labor benefits and taxation. See the paper here … More Neoliberalism and the Rise of the Net Social Wage
Thousands have taken to the streets in Iran’s largest and deadliest protests since 2009. Iranian activist Dariush Arjmandi, a member of Rahe Kargar, Organization of Revolutionary Workers of Iran, an exiled Marxist-Leninist group in Germany, says demonstrators are challenging economic mismanagement and repressive state control, not pushing the regime change agenda of Iran’s global foes. … More Let Down by Reformists, Working-Class Iranians Join Protests
As neoliberalism caused greater inequality and more poverty in Mexico ever since the 1990’s, the country’s leaders stifled press freedom and democratic rights in order to maintain power. Now Mexico has one of the world’s highest murder rates of journalists explains Mark Weisbrot.
The resignation of Drexel University Professor Ciccariello-Maher following right-wing threats and harassment is the result of a broader, ongoing right-wing campaign to intimidate progressive professors throughout the U.S., and it’s having a chilling effect on academic freedom, says Trinity College Professor Johnny Williams
UMass-Amherst economics professor Lawrence King explains how the pharmaceutical industry converts intellectual property rights into inordinate profits and uses these for political power.
During The Real News Network interview, Peter Arno and Jeannette Wicks-Lim discuss how the Earned Income Tax Credit in New York improves healthcare for entire communities.