The latest JOLTs data is interesting because it signals are possible shift in bargaining power in the US labour market towards workers.
The most obvious sign of that is the rising quit rates, which are most prevalent in the low-wage sectors.
Climate Crisis
DeSmog UK: The Causal Relationship Between Inequality and Climate Change
DeSmog interviewed an author of a new paper that says that policies focused only on greenhouse gas emissions will be less successful than a broader approach that tackles inequality and climate change together. Read Here […]
Austerity
Bill Mitchell: The Greek colony remains in depression
“If one ever needed reminding of the colony status of the once magnificent Greek nation you just have to consider that statement. The EU institutions consider it appropriate that democratically-elected governments in the EMU should […]
Austerity
Larry Elliot: Greece’s bailout is finally at an end – but has been a failure
While European mainstream media has been euphoric concerning Greece´s exit from the beialout programme it was subjected to. The results are catastrophic: -500k people, mostly young, emigrated – Unemployment hit 27.8% (still >20%) – Youth […]
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