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By Asha Banerjee, Jaimie Worker, and Dave Kamper, EPI Working Economics Blog Last month, we at the Economic Policy Institute submitted a public comment on the U.S. Department of the Treasury’s guidance regarding the . These funds are part of the American Rescue Plan (ARP) Act’s resources for state and local communities to respond to the public health and economic crisis. […]
Continue reading …AI: Automation is currently displacing millions of workers. By John Feffer Originally in Tom Dispatch My wife and I were recently driving in Virginia, amazed yet again that the GPS technology on our phones could guide us through a thicket of highways, around road accidents, and toward our precise destination. The artificial intelligence (AI) behind the […]
Continue reading …The Hufcor plant in Janesville, Wisconsin was profitable before investors gobbled it up. Now it’s the latest highway robbery by private equity. By Elisa McCartin | July 21, 2021 This spring, 166 workers in Janesville, Wisconsin awoke to a nightmare. OpenGate Capital, the private equity firm that owns their employer, Hufcor, announced it was moving […]
Continue reading …U.S. billionaires have reaped $1.8 trillion in wealth gains since March 2020. July 14, 2021By Chuck Collins Originally in Inequality.org Over the last 16 months, since the formal beginning of the pandemic lockdown, the combined wealth of 713 U.S. billionaires has surged by $1.8 trillion, a gain of almost 60 percent. The total combined wealth […]
Continue reading …By Jim Hightower — Governors and mayors insist that giving our tax dollars to corporations in form of big tax breaks to lure them to move to our cities is good public policy. The corporations create jobs, those workers pay taxes, and — voila! — the giveaway pays for itself! Does it really work that […]
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