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+20 +2
CEO who gave employees $70K minimum wage says revenue tripled 6 years later
A CEO who cut his own salary to give all of his employees a minimum wage of at least $70,000 per year says his company's revenue has tripled since he made the move.
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+11 +3
Andrew Yang Isn’t Doing U.B.I. Right
There are better ways to follow the Rev. Dr. Martin Luther King Jr.’s call for a guaranteed income.
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+9 +1
Why inflation fears are unfounded
It would be a dangerous mistake to let fear of inflation and then a bursting bubble in the financial sector hamstring the economy that could make good jobs for real men and women who have been telling us for decades that this is what they want.
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+18 +4
Inside the Next Housing Crisis
Housing advocates predict both a tsunami of evictions and a significant rise in homelessness
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+16 +2
How housing became the world’s biggest asset class
It is only a recent phenomenon
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+21 +7
Yelp data shows 60% of business closures due to the coronavirus pandemic are now permanent
Yelp on Wednesday released its latest Economic Impact Report, revealing business closures across the U.S. are increasing as a result of the coronavirus.
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+19 +2
In pandemic America's tent cities, a grim future grows darker
Nadeen Bender stood outside her home, a tattered two-man tent, surrounded by the re-purposed Amazon Prime boxes she uses to store her life's belongings. One by one, she checked the cartons to make sure nothing had been stolen in the night.
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+20 +4
The coming war on the hidden algorithms that trap people in poverty
A growing group of lawyers are uncovering, navigating, and fighting the automated systems that deny the poor from housing, jobs, and basic services.
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+15 +2
Secondhand clothing sales are booming – and may help solve the sustainability crisis in the fashion industry
Fast fashion is far from green. But the rapid expansion of online clothing resale platforms could help shrink the garment industry's negative impact on the environment.
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+17 +3
The 'market' won't save us from climate disaster. We must rethink our system
Expecting the free market to fix global warming is like trying to pound nails with a saw
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+21 +5
Inside Foxconn’s empty buildings, empty factories, and empty promises in Wisconsin
Two years of a charade that upended people’s lives.
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+16 +3
Millennials have 4 times less wealth than Baby Boomers did by age 34, control just 4.2% of all U.S. wealth
Millennials are the largest group in the U.S. workforce but have 10 times less money than Baby Boomers control today.
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+13 +1
Dissecting the Nobel: how Milgrom and Wilson changed the face of auctions
Their big contribution was that auctions aren't just auctions. How an auction is designed matters enormously for what it does.
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+15 +2
Trust and income inequality fueling the spread of COVID-19
Study of 84 countries links social trust and belonging to COVID-19 mortality.
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+3 +1
Teens are buying fewer clothes, less food as their spending hits two-decade low
Teen spending hit its lowest levels in two decades, according to a new survey, as teens spent less money on food, concerts and events during the coronavirus pandemic, and worry about the economy getting worse.
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+22 +7
The Pandemic Depression Is Over. The Pandemic Recession Has Just Begun.
Signs of a slower, grinding recovery sure look familiar.
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+23 +2
Elderly and Homeless: America’s Next Housing Crisis
Over the next decade, the number of elderly homeless Americans is projected to triple — and that was before Covid-19 hit. In Phoenix, the crisis has already arrived.
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+22 +4
Nearly 4 million US jobs have vanished forever
There's mounting evidence that the pandemic is dealing a lasting blow to the American economy, with millions of jobs vanishing forever.
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+2 +1
The World’s 2,000 Billionaires Have More Wealth Than Almost 5 Billion People Combined
The divide between the ultra-rich & everyone else is increasing.
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+2 +1
U.S. Dollar Will Crash in 2021, Senior Yale Economist Warns
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