There is no reason for the Fed should be acting to slow the economy at the slightest hint of more rapid wage growth.
It was the night before Thanksgiving. Walmart's top brass had assembled in the executive boardroom for a last celebration before heading home to their families. ...Meanwhile, "Black Friday" would begin on Thursday evening, leaving many of its workers unable to spend the holiday with family or friends.
We need to own up to is that privatization experiments, based on ideology rather than evidence, have created disruption, neglect, and harm to vital public services and infrastructure - and those effects have undermined the private sector which depends on high quality public services. We seem to have forgotten that the public sector has long created the environment and resources necessary for businesses to prosper.
This huge amount of money did not go to the workers ...
For all its vaunted efficiency, capitalism has foisted wasteful inequality and environmental ruin on us. There is an alternative.
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