“America’s bosses are starting to feel bossy again,” an article in the Feb. 2 Wall Street Journal noted. The authors point to the recent slowdown in the economy and a wave of layoffs that began in tech companies and has…
With prices continuing to rise alongside growing numbers of layoffs, working people face the beginning of what could be an extended period of “stagflation” — a combination of increased prices and falling capitalist production, trade and jobs. The impact of…
The worldwide capitalist crisis is hitting working people hard, with increasing indications that we face an extended period of stagflation — a combination of continued rising prices with falling capitalist production, trade and workers’ jobs. Soaring prices, especially on basic…
Rising prices are having a devastating impact on workers’ lives in the U.S., across the advanced capitalist world and, especially, in the semi-colonial countries of Africa, Asia and Latin America, with no end in sight. The capitalist crisis increasingly involves…
As part of the crisis of capitalism today, working people in the U.S. have been living through a sharp drop in U.S. life expectancy over the past couple of years. And young people have experienced the worst decline in math…
With prices rising at the fastest rate in more than four decades, the costs for food, housing, clothing, health care and child care continue to devour the meager resources of working people. According to the Brookings Institution, it now takes…
Soaring inflation over the past year and a half is battering the lives of millions of working people worldwide. Combined with the impact of the capitalist crisis on jobs, price hikes are making it increasingly difficult for workers to keep…
Facing a spreading economic crisis and soaring inflation, especially in things workers need, the U.S. rulers have launched steps that will fuel a deeper downturn in production and jobs. In a model of understatement, Federal Reserve Chair Jay Powell told…
Skyrocketing prices continue to batter the lives of millions of workers and our families. In hopes of slowing inflation, the Federal Reserve — the U.S. government’s national bank — has begun a series of sharp increases in interest rates, a…
Since the 2008 financial crash, living and working conditions in the U.S. have starkly declined for workers and our families, exacerbated by the effects of government lockdowns during the pandemic. Class inequalities have widened. Today, skyrocketing inflation, coupled with a…
