theartofchan:

Simple Depiction of Wealth Inequality In The U.S.
Research from the Institute for Policy Studies shows that recent Wall Street bonuses are way out of line with minimum wage earners.  Waaaay out of line.  And that’s just their bonuses.
Make you think twice about raising the minimum wage?  And think about this — there’s a greater economic impact because low-wage people spend most, if not all, of their money because they have to. They have to pay for a place to live, feed their families, clothe their kids, and so on and so forth. That spending has a much greater stimulative effect on the economy.
While high wage earners may spend more on big ticket items, they can also afford to stash extra cash in a bank.
The researchers estimate that every dollar going to low wage workers adds an estimated $1.21 to the economy whereas each dollar going to high-income households adds only $0.39.

theartofchan:

Simple Depiction of Wealth Inequality In The U.S.

Research from the Institute for Policy Studies shows that recent Wall Street bonuses are way out of line with minimum wage earners.  Waaaay out of line.  And that’s just their bonuses.

Make you think twice about raising the minimum wage?  And think about this — there’s a greater economic impact because low-wage people spend most, if not all, of their money because they have to. They have to pay for a place to live, feed their families, clothe their kids, and so on and so forth. That spending has a much greater stimulative effect on the economy.

While high wage earners may spend more on big ticket items, they can also afford to stash extra cash in a bank.

The researchers estimate that every dollar going to low wage workers adds an estimated $1.21 to the economy whereas each dollar going to high-income households adds only $0.39.

(via proletarianinstinct)


socialismartnature:

Happening NOW: 30,000 Chinese workers strike at the world’s largest producer of athletic shoes such as Nike and Adidas over pay, benefits, and the right to choose a union. The strike, China’s largest in decades, has shutdown production for two weeks and caused the company’s stock price to plummet.

Bloomberg News reports:
"Workers have disrupted production in Yue Yuen’s Dongguan factory complex, which employs more than 40,000 people, since April 14 in a dispute over pay, benefits and the right to pick their own union. More than 50 percent of the workers were on strike today, Liu said. China Labour Watch, which estimated the striking workers at about 30,000, said a small number had returned to work, without quantifying it.”

socialismartnature:

Happening NOW: 30,000 Chinese workers strike at the world’s largest producer of athletic shoes such as Nike and Adidas over pay, benefits, and the right to choose a union. The strike, China’s largest in decades, has shutdown production for two weeks and caused the company’s stock price to plummet.

Bloomberg News reports:

"Workers have disrupted production in Yue Yuen’s Dongguan factory complex, which employs more than 40,000 people, since April 14 in a dispute over pay, benefits and the right to pick their own union. More than 50 percent of the workers were on strike today, Liu said. China Labour Watch, which estimated the striking workers at about 30,000, said a small number had returned to work, without quantifying it.”

(via proletarianinstinct)



newyorker:

How should a modern workplace be furnished, decorated, and designed? Ben Mauk explores the century-old question: http://nyr.kr/1hYDEnF

“An engineer named Frederick Winslow Taylor, best known for exalting standardization (of scheduling, wages, equipment, and so on) for the sake of productivity, advocated that managers arrange their workers into cell-like spaces tailored to the simple, unskilled labor that each would perform. His ideas—known as scientific management or, simply, Taylorism—helped to inspire not only the modern factory but also the rigidly planned mid-century office, and they remain widespread in the business world.”

Photograph: Amy Eckert/UpperCut Images/Getty

newyorker:

How should a modern workplace be furnished, decorated, and designed? Ben Mauk explores the century-old question: http://nyr.kr/1hYDEnF

“An engineer named Frederick Winslow Taylor, best known for exalting standardization (of scheduling, wages, equipment, and so on) for the sake of productivity, advocated that managers arrange their workers into cell-like spaces tailored to the simple, unskilled labor that each would perform. His ideas—known as scientific management or, simply, Taylorism—helped to inspire not only the modern factory but also the rigidly planned mid-century office, and they remain widespread in the business world.”

Photograph: Amy Eckert/UpperCut Images/Getty


anarcho-queer:

If Wal-Mart Paid Its Employees a Living Wage, How Much Would Prices Go Up? (2:02)

This video crunches the numbers on how much Walmart, the single biggest beneficiary of the food stamp economy, might have to raise prices across the board to help a typical worker earn a living wage.

This video was created by Slate magazine and Marketplace. It’s part of a series entitled The Secret Life of a Food Stamp.

(via cognitivedissonance)






elledark:

Not Everything Needs To Be Run For ProfitAmerica is a society made crazy and dysfunctional by dogma ..In Education .. the average tuition for a 4-year college education has increased an astounding 827% since 1980. Since 1999, average student loan debt has increased by a shameful 511%’. In 2013, total outstanding student loan debt exceeded $1 Trillion. This is just absurd.Education is not a commodity. It is a way that a country can invest in the future and help its people achieve their potential. There is no earthly reason why the education system should be driven by the profit motive. It really does not have to be like this. There are better ways.In Healthcare .. very many Americans are only one serious illness away from financial ruin. Over 60% of all personal bankruptcies in the U.S. are caused by health costs and the majority of them were solid, middle class citizens with insurance. 45,000 Americans die every year from lack of adequate healthcare.Healthcare is not a commodity. America has the most costly, worst-value-for-money, and most unfair healthcare system in the developed western world. The reason is that it is run for the benefit of big corporations whose only duty is to the bottom line and profit is sucked out at ever stage of the process. It really does not have to be like this. There are better ways.The drive to inappropriate privatization is relentless. Many duties of the American military overseas have been farmed out to unaccountable for-profit mercenary companies. The running of public libraries is being offered to big business for profit. America locks up more of its people than any other country in the world, which suits the operators of private prisons who pour money into lobbying congress to boost their profits. Often, as in the case with healthcare and education, there are clear examples in other countries that there are far better ways to solve the same problems but that doesn’t seem to matter. It’s irrational. It owes little to logic and much to faith. A blindly perverse faith that, however much reality disproves it, the best way to run absolutely everything is as a business and for profit. It’s a convenient faith too, justifying greed as it does.The truth is that some things are far too important to society to be left to the market. Some things matter too much to the welfare of all of us to have their outcomes dictated by a profit motive.  The market is amoral. It has no social conscience or sense of service to the community. That is simply the nature of the beast. That’s why we can only ever allow it to be our servant and never our master. Of course some things can be left to a well-regulated market but not everything. To think otherwise is just crazy, one-size-fits-all political dogma.One more time .. not everything needs to be run for profit.Ellie

elledark:

Not Everything Needs To Be Run For Profit

America is a society made crazy and dysfunctional by dogma ..

In Education .. the average tuition for a 4-year college education has increased an astounding 827% since 1980. Since 1999, average student loan debt has increased by a shameful 511%’. In 2013, total outstanding student loan debt exceeded $1 Trillion. This is just absurd.

Education is not a commodity. It is a way that a country can invest in the future and help its people achieve their potential. There is no earthly reason why the education system should be driven by the profit motive. It really does not have to be like this. There are better ways.

In Healthcare .. very many Americans are only one serious illness away from financial ruin. Over 60% of all personal bankruptcies in the U.S. are caused by health costs and the majority of them were solid, middle class citizens with insurance. 45,000 Americans die every year from lack of adequate healthcare.

Healthcare is not a commodity. America has the most costly, worst-value-for-money, and most unfair healthcare system in the developed western world. The reason is that it is run for the benefit of big corporations whose only duty is to the bottom line and profit is sucked out at ever stage of the process. It really does not have to be like this. There are better ways.

The drive to inappropriate privatization is relentless. Many duties of the American military overseas have been farmed out to unaccountable for-profit mercenary companies. The running of public libraries is being offered to big business for profit. America locks up more of its people than any other country in the world, which suits the operators of private prisons who pour money into lobbying congress to boost their profits.

Often, as in the case with healthcare and education, there are clear examples in other countries that there are far better ways to solve the same problems but that doesn’t seem to matter. It’s irrational. It owes little to logic and much to faith. A blindly perverse faith that, however much reality disproves it, the best way to run absolutely everything is as a business and for profit. It’s a convenient faith too, justifying greed as it does.

The truth is that some things are far too important to society to be left to the market. Some things matter too much to the welfare of all of us to have their outcomes dictated by a profit motive.  The market is amoral. It has no social conscience or sense of service to the community. That is simply the nature of the beast. That’s why we can only ever allow it to be our servant and never our master. Of course some things can be left to a well-regulated market but not everything. To think otherwise is just crazy, one-size-fits-all political dogma.

One more time .. not everything needs to be run for profit.

Ellie

(via reagan-was-a-horrible-president)