UNDERNEWS: Economy

2022

Best and worst states for jobs

How to set up a community cooperative

CEO Pay Has Skyrocketed 1,460% Since 1978

Unonization up 80% this year

Key U.S. Poverty Rate Falls to Record Low

68% approve of labor unions, highest since 1965

US Inflation Hit 9.1% Over the Past Year, Highest Rate in 4 Decades

Stocks Suffer Worst First Half of a Year in More Than 50 Years

Inflation rose 8.6% in May, highest since 1981

US Facts - Total wealth among the American middle class — meaning the middle 20% of income earners — grew from an inflation-adjusted $5.4 trillion in 1990 to $10.2 trillion in 2021. However, their share of US wealth fell from 12% to 7%.

Best and worst state economies

Wage Gap Between CEOs and US Workers Jumped to 670-to-1 Last Year

81% of Democrats and 71% of Republicans say CEOs of the largest companies are paid "too much,"

How the American middle class has changed in the past five decades

Wealthiest Americans pay just 3.4% of income in taxes

Fewest Americans collecting unemployment benefits since 1970

Unemployment Number Hits 50-Year Low at 1.4 Million

Working at home

Zillow: Record number of U.S. cities have home listings that top $1 million

Inflation soared 7.9% over last year, biggest spike since 1982

Decline in a great deal of public confidence by job

Why more Americans than ever are starting their own businesses

2021

New Year Brings Minimum Wage Hikes To 21 States

Wage inequality continues to grow

Some facts about co-ops

The ratio of CEO-to-worker pay was 21-to-1 in 1965 and 61-to-1 in 1989. Today it's 351-to-1

Nearly half of American workers don’t earn enough to afford a one-bedroom rental

Americans Quitting Jobs At Highest Rate Since 2000

Working 55-hour week increases risk of death: UN

Corporate tax rates

Bankruptcies up 20%

US Suffers Sharpest Rise In Poverty Rate In More Than 50 Years

U.S. economy had its worst year since WWII, shrinking 3.5% in 2020

The Economy Does Much Better Under Democrats. Why?

Food stamp spending rose 50% last year

11 US cities are piloting Universal Basic Income programs, with more to come

US suffers highest rise in poverty rate in over 50 years

55 US Corporate Giants Paid $0 in Federal Taxes in 2020

Since 1978, CEO Pay Has Risen 1,322%. Typical Worker Pay? Just 18%

Average US supermarket and restaurant pay hits $15 an hour for first time

2020

Word: The American economy
Hunger in the US
Nearly two-thirds of Americans are living paycheck to paycheck during pandemic
Facts About Small Businesses in America
1% of Farms Control 70% of Global Farmland: Study
Economists say no evidence that unemployment benefit disincentivises work
Affordable housing resources for renters
50 Richest Americans Worth as Much as Poorest 165 Million

2019

Rev. Dr. William J. Barber II The 140 million poor & low-wealth people includes: 52.2% or 39 million children (below 18), 41.9% or 21 million elders (above 65), 42.6% or 65.8 million men, 45% or 74.2 million women. 60.4% or 26 million Black people, 64.1% or 38 million Latinx people, 40.8% or 8 million Asian people, 58.9% or 2.14 million Native/Indigenous people, 33.5% or 66 million white people. Poverty & low-wealth is a crisis in America.
59% of Americans living pay check to pay check
How Canada got its lowest poverty rate in history
The Commerce Department announced that the country’s trade deficit last year was the biggest in US history. It’s $891 billion for merchandise, $621 billion when the service sector is added in, and $419 billion with China alone. Each is a record. The Post reports that the overall number tops the previous record of $838 billion in 2006.