Amazon, the second-largest employer in the U.S. after Walmart, and the richest, valued at over $1 trillion, announced Oct. 2 that it’s increasing its minimum wage to $15 an hour starting in November. The move comes in face of a…
Claiming Beijing has been “cheating,” Washington imposed a series of tariffs on Chinese goods, seeking to use its superior clout to gain concessions to aid U.S. bosses in trade between the two countries. The Chinese rulers, so far, have responded…
With today’s upturn in capitalist production and trade, rail bosses are trying to hire thousands of workers this year. But in their drive for profits, the bosses are also running longer and longer freight trains with smaller and smaller crews…
Facing stiff competition from retail giants Walmart and Amazon, whose head-to-head battle for top dog is hitting other retailers hard, Toys “R” Us announced March 15 that it is closing all 800 of its U.S. stores, throwing 33,000 workers to…
There’s an uptick in the capitalist economy, more jobs are open, and that’s giving workers more confidence. If you have options, can look for higher-paying work, and don’t have to worry every working hour how to make ends meet, you’re…
The Wall Street Journal calls President Donald Trump’s proposed hefty tariffs on steel and aluminum imports “the biggest policy blunder of his presidency.” The tariffs — announced on the pretense of protecting “American” jobs — “will benefit a handful of companies,”…
Hammered by stiffening competition from retail giants Walmart and Amazon, department store chain J.C. Penney is making moves to stay afloat by targeting its workers’ hours, wages and benefits. The company plans to eliminate most full-time jobs, converting them to…
Walmart and Amazon bosses have been battling for domination in market share and profits. The Walton family owners of Walmart have been winning, as Amazon has proven unable to launch any serious challenge to their utter domination of the brick-and-mortar…
Huge gyrations on stock prices accompanied by a market plunge that wiped out some $5 trillion in paper values at the beginning of February highlight the fact that overvalued stocks — fueled by speculative investment — are increasingly vulnerable to…
While the big-business media has boasted that retail sales were up during the 2017 holiday season — 3.8 percent higher than the year before — the crisis of the bosses in the retail industry continues to unfold as growing numbers…
