Middle Class Meltdown

By DJ Spiess | The slow destruction of the middle class in America.

America will die old and broke: The systematic right-wing plot to ransack the middle-class nest egg

Despite what conservatives say, the safety net works—which is why the 1 percent wants to stage a hostile takeover

Through a quirk in state term limits combined with a terrible midterm election, the Nevada legislature has been taken over by amateurs and extremists. The legislature is now debating …

Liberal News

The "Paid-What-You're-Worth" Myth

Mental Work

I wish to emphasise before I begin that robots taking jobs is not the problem, the issue is the current government policies that are not ready to …

Artificial Intelligence

The Gap is ending on-call schedules. Here's why the practice was making workers miserable.

In recent years, labor rights groups have campaigned against a common management tactic called on-call scheduling. In an effort to save costs, many …

Costco

Here's Why There's No Such Thing as Free Public Education Anymore

It’s nearly back-to-school time, which means parents and kids will soon be heading to stores to stock up on all the supplies needed to complete …

Education

How Rich People Raise Rich Kids

Even when they’re adopted, the children of the wealthy grow up to be just as well-off as their parents.

Lately, it seems that every new study about social mobility further corrodes the story Americans tell themselves about meritocracy; each one provides more evidence that comfortable lives are …

Wealth

Noam Chomsky: The United States is totally isolated

The iconic philosopher on America's broken education system and the lasting influence of the Monroe Doctrine

We’re pleased to publish another interview with Professor Noam Chomsky. In this recent conversation with Dan Falcone, a Washington DC–based high school history teacher, Chomsky builds on our …

Noam Chomsky

Work and Worth

Is the American Dream dying?

Cezar Iordan came to the U.S. from Romania when he was 20.

He didn't know anyone, and he didn't speak English. He had only $100 in his pocket. But he was determined to succeed.

Now 10 years later, Iordan runs a successful moving business called Moovers Chicago. He has a bachelor's degree, and owns a …

Driver's Licenses

Why isn't the middle class earning $156,000 a year?

New York (CNN) — Everyone knows the Top 1% have been killing it in recent decades, while most Americans have seen their incomes stagnate.

But what if the middle class were doing as well as the richest Americans? What would their annual income be?

CNNMoney asked the Economic Policy Institute, a …

Middle Class

Top CEOs Make 300 Times More than Typical Workers: Pay Growth Surpasses Stock Gains and Wage Growth of Top 0.1 Percent

The chief executive officers of America’s largest firms earn three times more than they did 20 years ago and at least 10 times more than 30 years …

Salaries & Wages

The energy revolution that has 1 percenters shaking in their boots

Director Shalini Kantayya talks to Salon about the incredible potential of solar power

When you hear about Richmond, California — on the environmental beat, at least — it’s usually in the context of the Chevron oil refinery, one of the country’s biggest, that casts its long shadow over the city. …

Pay low-income families more to boost economic growth, says IMF

The idea that increased income inequality makes economies more dynamic has been rejected by an International Monetary Fund study, which shows the widening income gap between rich and poor is bad for growth.

A report by five IMF economists dismissed “trickle-down” economics, and said that if …

Economics

Why I Defaulted on My Student Loans

ONE late summer afternoon when I was 17, I went with my mother to the local bank, a long-defunct institution whose name I cannot remember, to apply for my first student loan. My mother co-signed. When we finished, the banker, a balding man in his late 50s, congratulated us, as if I had just won …

How women can restore America's middle class

As women dominate U.S. college campuses and more start running their own businesses, they may very well be the solution for rebuilding U.S. prosperity.

Before World War II raged, 12 million women comprised a quarter of America’s workforce. Conflagration drew another 6 million into the war effort. …

Gender

Bernie Sanders: Economy 'Rigged' For Wealthy, Income Inequality A 'Moral Issue'

Bernie Sanders: Economy ‘Rigged’ For Wealthy, Income Inequality A ‘Moral Issue’ (VIDEO)

June 1, 2015Dan Simpson Economics, US

Vermont Senator Bernie …

Bernie Sanders

Elizabeth Warren On Rise Of The 1099 Economy: “A Real Problem”

The Democratic senator avoided directly answering whether Uber and Lyft drivers should be classified as employees, but did weigh in on the changing nature of contract workers.

Massachusetts Sen. Elizabeth Warren on Tuesday dodged addressing whether contract workers for on-demand services such as …

Elizabeth Warren

America Has the Worst Vacation Policies Of Any Developed Country

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A hiring manager friend once said he'd never consider an applicant who asked about vacation …

Maternity Leave

The Reality of Surviving Exhausting, Desperation-Inducing Poverty

This post first appeared at TalkPoverty.(Photo: Joydeep Mitra/flickr CC 2.0)I have lived in poverty both as a child and as an adult, and I can say …

Poverty

The Middle Class Has a Debt Problem

Of all the burdens weighing on the American middle class, one has grown immensely in recent years: debt. Absent reform, it presents one of the gravest threats to the prosperity of the typical family.

Read more in this series:
How to Save the Middle Class
Bring Back American Enterprise
Robots Versus the …

Middle Class

Wisconsin Republicans Don’t Want Food Stamp Recipients Buying Beans, Potatoes, Pasta Sauce

CREDIT: Flickr//Thomas HawkLow-income Wisconsin families won’t be able to buy shellfish with food stamps, and will have a much harder time getting …

Food

Most millionaires say they're middle class

Billionaire David Tepper once called himself a "middle-class dad trapped in a rich man's body." Most millionaires, it turns out, have similar feelings …

G.O.P. Hopefuls Now Aiming to Woo the Middle Class

WASHINGTON — The last three men to win the Republican nomination have been the prosperous son of a president (George W. Bush), a senator who could not recall how many homes his family owned (John McCain of Arizona; it was seven) and a private equity executive worth an estimated $200 million (Mitt …

Why Screwing Unions Screws the Entire Middle Class

Read more: The 10 richest members of Congress, CEO pay vs. American worker pay, and more infographics on the new gilded era.

IN 2008, A LIBERAL

Political History

Texas Sends Poor Teens To Adult Jail For Skipping School

More than a thousand Texas teenagers have been ordered to lockup on charges that stem from missing school, often because they have unpaid court fines. The costs to their education are high. Some, like Serena Vela, never go back.

The 11th-grader in the courtroom wore braces, loved Harry Potter movies, …

Teens

Robert Reich: America’s “flexible” economy is making workers’ lives hell

The former secretary of labor on the need for a federal law requiring employers to pay for scheduled work

These days it’s not unusual for someone on the way to work to receive a text message from her employer saying she’s not needed right then.

Although she’s already found someone to pick up her kid …

The day I bought steak with my food stamps

I cried every night, the week before I finally applied for food stamps. I was so ashamed. Food stamps are for losers, people who make stupid, …

Food Stamps

Driver’s License Suspensions Create Cycle of Debt

LEBANON, Tenn. — The last time Kenneth Seay lost his job, at an industrial bakery that offered health insurance and Christmas bonuses, it was because he had been thrown in jail for legal issues stemming from a revoked driver’s license. Same with the three jobs before that.

In fact, Mr. Seay said, …

The Real Reason College Tuition Costs So Much

BOULDER, Colo. — ONCE upon a time in America, baby boomers paid for college with the money they made from their summer jobs. Then, over the course of the next few decades, public funding for higher education was slashed. These radical cuts forced universities to raise tuition year after year, which …