A four-year college degree has become the only gateway into the American middle class, but not every young person is suited to four years of college. We need an alternative.
The combination of advanced sensors, voice recognition, artificial intelligence, big data, text-mining, and pattern-recognition algorithms, is generating smart robots capable of quickly learning human actions. That's bad news for the skilled labor market.
The US economy is picking up steam but most Americans aren’t feeling it. Most European economies are still in bad shape, but most Europeans are doing well. Thank the outsize influence of American corporations.
The Democratic nominee for President will campaign on reviving the American middle class. But will she take on the moneyed interests – the large Wall Street banks, big corporations, and richest Americans – who have engineered the largest upward redistribution of wealth in modern American history?
Independent contractors, including Uber drivers, franchisees, consultants, and free lancers, are subject to low pay, irregular hours, and job insecurity. In order to protect these workers, we need a better way to determine who qualifies as an employee of a company.
I used to believe in trade agreements like the upcoming Trans Pacific Partnership. That was before the wages of most Americans stagnated and a relative few at the top captured just about all the economic gains.
With the rise of on-demand jobs like Uber, we're reverting back to a 19th-century job market where 'freedom of contract' ruled the day. It was an era when many workers were 'happy' to toil 12-hour days in sweat shops for lack of any better alternative.
Uber, Airbnb,Instacart, and other multibillion dollar startups make up what is referred to as the 'share economy.' A more accurate term would be the 'share-the-scraps' economy,' one that allows workers to patch together barely enough to live on.
The middle class is a hot political property for Republicans and Democrats alike, but the middle class can't be saved unless Wall Street is tamed.
Jeb Bush and Mitt Romney have outlined plans to reverse widening income inequality, alleviate poverty, and provide 'opportunity for all.' However, evidence suggests that almost every time a Republican has moved into the White House, his policies have widened inequality.
For worker wages to rise, the unemployment rate would have to sink far lower than it is today, probably below 4 percent. And there’s reason to believe the link between falling unemployment and rising wages has been severed.
Trans-Pacific partnership, or TPP, would be the largest trade deal in history representing several countries. But the TPP is not a good deal for most of us or, even for the inhabitants of developing nations.
Insider trading is illegal but major players on Wall Street still make tons of money because they're good at using confidential information.
Since 2000, the incomes of young people who have graduated college have barely risen. The problem is this; while a college education is now a prerequisite for joining the middle class, the middle class is in lousy shape. A college degree no longer guarantees a good job.
If you want a single reason for why Democrats lost big on Election Day 2014 it’s this: Median household income continues to drop, and this is the first 'recovery' in memory in which this has happened.
Private university endowments are now around $550 billion, centered in a handful of prestigious institutions. Public universities, by contrast, have little or no endowment income. They get almost all their funding from state governments, and those subsidies have been shrinking.
America’s wealthy are richer than they’ve ever been, and big corporations are sitting on more cash they know what to do with. But the wealthy aren’t investing in new companies.
In America, people with lots of money can avoid the consequences of bad bets and big losses by cashing out at the first sign of trouble – like Donald Trump and his ill-fated Atlantic City casinos. But workers who move to a place like Atlantic City for a job, invest in a home there, and build their skills, have no protections
For years, some of the nation’s most talented young people have flocked to Harvard Business School and other elite business schools in order to take up positions at the top rungs of American corporations. But are they learning the right lessons about helping society thrive?
Berkely, Calif. is facing major opposition from the beverage industry for its proposed soda tax, which will be on the ballot in November. The beverage industry has spent millions defeating such measures across the country, but can it do so in America's most progressive city?