By L. Randall Wray The mainstream consensus is that slow economic growth is a supply-side problem while inflation is a demand-side problem. In the run-up to the COVID downturn, the media’s favorite economist, Larry Summers, warned of long-term secular stagnation. Pundits attributed this to a variety of supply-side factors, including slow growth of the labor… Read More Raising Interest Rates Is the Wrong Medicine for Today’s Inflation
By Philip Harvey From its founding in 1994, the goal of the National Jobs for All Network* has been a federal government commitment to ensure the availability of useful, living-wage work for every job seeker in the country—regardless of local or national economic conditions. Chief among the sources of inspiration for our goal is President… Read More NJFAN and a 21st Century Economic Bill of Rights
Noreen Connell: Why She Joined the Fight for Women’s Rights and Economic Justice By Sheila Collins Noreen Connell, a long-time NJFAN activist and member of both the Board and Executive Committee, has had a distinguished career as an advocate for women’s rights and employment equity. She holds a Masters in Sociology from the New School.… Read More Noreen Connell: Why She Joined the Fight for Women’s Rights and Economic Justice
By Trudy Goldberg Review of: William E. Scheuerman, A New American Labor Movement: The Decline of Collective Bargaining and the Rise of Direct Action, Albany, NY: SUNY Press, 2021. In A New American Labor Movement, William Scheuerman explains why the American labor movement declined precipitously in the last 65 years and analyzes the strategies and achievements… Read More Reports of Its Demise Exaggerated?
by Frank Stricker The Bureau of Labor Statistics’ job numbers for May show that the official unemployment rate stayed low, at 3.6%, for the third straight month. Other key numbers: the rate for whites was 3.2% and for Asian Americans 2.4%. The Hispanic unemployment rate climbed by .2 to 4.3%, the African-American rate rose by… Read More Hard Times Ahead: The May Jobs Report