
Modern Monetary Theory Isn’t Helping
MMT is billed by its advocates as a radical new way to understand money and debt. But it’ll take more than a few keystrokes to change the economy.
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Doug Henwood edits Left Business Observer and is the host of Behind the News. His latest book is My Turn.
MMT is billed by its advocates as a radical new way to understand money and debt. But it’ll take more than a few keystrokes to change the economy.
Despite a string of encouraging strikes and labor victories, the latest numbers show that union density fell to a new low last year.
Getting banks under control is a matter of politics, not individual consumer decisions.
Stories about a new age of precarity are overblown. Workers have had to deal with economic insecurity since the dawn of capitalism.
Precarity isn’t the main problem with the US labor market. It’s that wages are low, benefits are eroding, and work is often dull and sometimes dangerous.
Strikes are labor's most powerful weapon. But last year they fell to nearly an all-time low.
The stock market's panicked reaction to signs of wage growth shows just how weak the economy is — and how much it caters to the wealthy.
Wages are finally rising. But it's only bosses who are getting the pay hikes.
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