Category: Economics

Now Rashida Tlaib wants a $20 minimum wage because milk is too expensive

While delivering a speech before One Fair Wage, a political organization lobbying for an increase to the federal minimum wage, Tlaib went further than virtually all of her fellow Democrats by demanding an even higher increase to the federal minimum wage to $20 per hour.

AOC’s top aide admits Green New Deal is about “changing the entire economy”, not climate

“Do you guys think of it as a climate thing?” Chakrabarti then asked. “Because we really think of it as a how-do-you-change-the-entire-economy thing.”

The Green New Deal, once an idea on the fringe left of the Democratic Party, has picked up significant mainstream support this year, with a number of top 2020 contenders signing their names to a non-binding resolution pushed by Ocasio-Cortez and Sen. Ed Markey, D-Mass.

More winning: This is the longest economic expansion on record

It’s official: as of this moment, the US economic expansion is now the longest on record, entering its 121st month since the end of the 2009 recession (which according to the NBER ended in June of that year), and surpassing the previous 120 month record – the March 1991 – March 2001 expansion – which ended with the bursting of the dot com bubble.

Record low unemployment for workers without college degrees

Unemployment for workers without bachelor’s degrees fell to the lowest rate on record in May, according to Bureau of Labor Statistics data released Friday.

The extremely low joblessness for less-educated workers is a sign that the decadelong expansion is benefiting economically vulnerable people and is reaching workers at at the margins of the labor force.

The unemployment rate for workers over the age of 25 without four-year degrees fell to 3.4%, the lowest in records extending back to 1992, just barely beating out the marks set in the dot-com boom. The unemployment figures are adjusted for seasonal variation.

Viva socialism! Maduro tells Jorge Ramos: New Yorkers have to eat too

The interview concludes when Ramos asks about the Venezuelans who eat garbage. Venezuela has largely run out of food, the product of the government nationalizing most of the nation’s agricultural land and giving it to socialist cronies who have no experience in growing food. Maduro gave the military full control of the nation’s food supply and implement a program called the “fatherland card” to ration the food. Venezuelans also get free food through the Local Committees for Supply Production (CLAPs), who use the food to manipulate civilians into supporting Maduro. Those who reject socialism are left without food. As a result, an estimated thousands of Venezuelans dig through garbage to find something to eat.

Mexican president responds to Trump’s tariffs: “America First is a fallacy”

Mexican President Andrés Manuel López Obrador hit back at President Trump in a public letter, decrying his plan to impose a 5 percent tariff on Mexican imports because of the administration’s border migrant crisis. “With all due respect, although you have the right to express it, ‘America First’ is a fallacy because until the end of times, even beyond national borders, justice and universal fraternity will prevail,”

The Elite Are Waging War on America’s Working Class

The Elite Are Waging War on America’s Working Class

America’s most pressing crisis is the death of the middle-income working class, and the willingness of the coastal elite to push policies responsible for much for the devastation. The economy isn’t working for a lot of ordinary, working class Americans, and it’s part of the reason President Trump was elected. Tucker Carlson has delved into […]