Without any mechanisms to adjust for rising prices, the real value of the federal minimum wage hit a 66-year low in 2023, say the authors. It’s now worth 42 percent less than its highest point in 1968.
US LABOR DAY: The Minimum Wage at Age 85
Category: Income Inequality
Craig Murray: Destitution Capitalism
Ordinary U.K. citizens have been propagandised out of the belief that the state should in any way regulate economic activity for the greater good.
BRICS Leaders Call for Democratic Global Order
Amid a membership expansion, leaders of the bloc spoke out against sanctions, conditions on sovereign credit and dollar hegemony, Abdul Rahman reports.
BRICS & World Balance
The entire BRICS project is centred around the question of whether countries at the nether end of the neo-colonial system can break free through mutual trade and cooperation, writes Vijay Prashad.
‘Disaster Capitalism’ Fears in Hawaii
Following the deadliest fire in the U.S. in over a century, local residents are worried wealthy outsiders will dominate and further serve themselves during a multibillion-dollar rebuild effort.
The UN’s Vague ‘New Agenda for Peace’
Vijay Prashad says that the report — apart from identifying the conflict between the unipolar and multipolar worlds, and showing concern over the metastasizing weapons industry — throws moral scaffolding over hard realities it can’t directly confront.
The World Bank’s Way of Tracking Inequality
“Leaving the rich out of the equation.” Sam Pizzigati reports on the protest by economists worldwide against the World Bank’s “shared prosperity” method of tracking gaps in income and wealth.
Chris Hedges: Forgotten Victims of America’s Class War
Once the jobs left and Democrats abandoned working men and women, people became desperate in the author’s hometown in Maine — as in tens of thousands of white, rural enclaves across the country.
Craig Murray: Democracy’s Demise
What we had from roughly 1920 to 1990, when voting really could make a difference, is not what we have now. We live instead in a post-democratic society.
World Hunger & War in Ukraine
As Western sanctions increased against Russia, the feasibility of the Black Sea Grain Initiative began to diminish, writes Vijay Prashad.