Must Readss Page
Breaking Up Big Tech by Elizabeth Warren
Category: Business | Technology | Economy | Society | Politics National
These are exerpts of key points: For the entire text, click here
https://medium.com/@teamwarren/heres-how-we-can-break-up-big-tech-9ad9e0da324c
Today’s big tec...
How Amazon Gobbles Up Small Businesses
Category: Business | Technology | Economy | Society | Politics National
The way Amazon competes and the power of its monopoly are seldom highlighted in the media. Elizabeth Warren mentions it frequently as the reason why breaking up big tech is important, because the “winner take all” monopolies like Facebook, Apply, Google, and Amazon depresses competiti...
A Middle Class is Essential to Democracies
Category: Business | Economy | Society | Lifestyles | Human Interest | Politics National
It's no secret that America's middle class is in decline. But while we focus on how that decline started (and who is to blame), we often forget to consider what happens if our middle class is wiped out entirely.
If we don't work to restore the American middle class to the vi...
Reasons to Worry About the Disappearing American Middle Class
Category: Business | Economy | Society | Lifestyles | Politics National
Despite gains in national income over the past half-century, American households in the middle of the distribution have experienced very little income growth in recent decades…The stagnant growth in median incomes is in stark contrast to the income trajectories of those at the very top of ...
Automation is Not the Main Reason for Low Wages and Job Loss
Category: Business | Science | Technology | Economy | Society | Human Interest
In an opinion piece, Princeton economist Paul Krugman states that while many people assume that automation is the main reason for job loss and low wages, this is just not the case. Instead, it is the lopsided power balance between employers and workers, a trend since the 1970s, that is responsibl...
Don’t Blame the Robots for Manufacturing Job Losses in U.S.
Category: Business | Science | Technology | Economy | Society | Lifestyles
This piece by the Economic Policy Institute (EPI) is based on studies comparing countries’ levels of automation and job loss. It concludes that while there is a relationship, it is definitely not the only reason. Why? Countries like Germany where industries are much more mechanized/automate...
Trickle Down Economics Does Not Work
Category: Business | Economy | Human Interest | Politics National
The economic theory championed by conservatives that emerged during the Reagan era—that by cutting the tax rates of the rich/corporations would “trickle down” to everyone else through economic growth and job creation—has been proven to be INVALID.
Research actual...