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Wages and Prices: Who Is Keeping Up With What?

Dean Baker Center for Economic and Policy Research
Since President Biden took office, the media have run a constant stream of news stories about how high various prices were and telling their audiences that this has led to mass suffering.

Why Mainstream Economics Got Inflation Wrong

James K. Galbraith Project Syndicate
Leading economists' misdiagnosis of inflation in 2021-22 was the latest episode in a long-running series of failures. Either mainstream economists need to re-examine their core beliefs, or the profession needs a new mainstream.

labor

Bernie Sanders to UAW Rally: “We Refuse To Live in an Oligarchy”

Bernie Sanders Jacobin
Bernie Sanders headlined a United Auto Workers rally in Detroit on the first day of the strike, declaring that “every worker, white collar, blue collar, in between, has got to stand with the UAW in your struggle for justice.” We reprint his remarks

labor

Los Angeles Hotel Workers Go on Strike

Jill Cowan and Kurtis Lee The New York Times
The strike is part of a wave of recent labor actions in the nation’s second-largest metropolis, where high costs of living have made it difficult for many workers — from housekeepers to Hollywood writers — to stay afloat.
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