William Lazonick, professor at University of Massachusetts Lowell, explains how rationalization, marketization, and globalization characterize the U.S. economy during the past 50 years, and how the behavior of companies and fate of American workers have changed during this process.
By John F. M. McDermott. From Palgrave: This book argues that economic activity in the public sphere now underwrites private corporations, and rejects rigid adherence to traditional economic theories that no longer apply. Adam Smith’s widely used “merchant’s model” assumes that most investment is private, when in fact research demonstrates that public investment in the workforce … More New Book: Employers’ Economics versus Employees’ Economy – How Adam Smith’s Legacy Obscures Public Investment in the Private Sector
How can unions help create a social movement to take on Wall Street’s economic and political dominance? That’s the question that the Communications Workers (CWA) are tackling with labor educator Les Leopold. The training program they’ve put together, based on his book Runaway Inequality: An Activist’s Guide to Economic Justice, has already reached hundreds … More LaborNotes: Building an Army to Fight Runaway Inequality
Originally posted on working class studies association:
Call For Proposals The Routledge International Handbook of Working Class Studies Co-editors: Michele Fazio (UNC Pembroke), Christie Launius (UW Oshkosh), and Tim Strangleman (University of Kent) Deadline: May 1, 2017 The co-editors of The Routledge International Handbook of Working Class Studies (under contract with Routledge Press) are seeking proposals for…
Tuesday, April 4th is Equal Pay Day— the day that marks when a typical woman’s earnings catch up to what a man earned in the previous year. The gender wage gap is a measure of pay disparity between men and women. The research is conclusive: gender wage gaps exist across the wage distribution and among … More EPI: Unions help narrow the gender wage gap
by Valerie Wilson & Janelle Jones Over the last several decades, black workers have been offering more to the economy and the labor market to incredibly disappointing results in pay and unemployment. Some have argued that the disparity in wages between blacks and white is the result of white workers working longer and harder than … More EPI: Low-wage African American workers have increased annual work hours most since 1979
by David L. Wilson On April 9, 1870, Karl Marx wrote a long letter to Sigfrid Meyer and August Vogt, two of his collaborators in the United States. In it Marx touched on a number of subjects, but his main focus was the “Irish question,” including the effects of Irish immigration in England. This discussion … More Marx on Immigration Workers, Wages, and Legal Status