Category Archives: Economics

H-1B visas screwing US

Not only have tech giants like Apple and Google engaged in what a federal court called an “overarching conspiracy” to prevent wage competition, but Silicon Valley firms also abuse H-1B visas to bring in immigrant competition at lower wages, a … Continue reading

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Gross Income Inequality

http://cnsnews.com/news/article/ali-meyer/1-5-families-us-no-one-works Now, more than 20 years after NAFTA and 14 years after China joined the World Trade Organization, there is no real question among economists that expanding trade has been good for the world and has helped reduce poverty. It … Continue reading

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California Drought

California Drought Could Wipe Cities Off Map If Their Water Runs Out http://sacramento.cbslocal.com/2015/07/28/california-drought-could-wipe-cities-off-map-if-their-water-runs-out/ Rick Jackson treads through the debris-laden flow of the Kings River as water runs along its parched floor for the first time in six months. Fishermen are … Continue reading

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Keystone Pipeline Facts

FACT CHECK: Both sides in Keystone XL debate bend facts Supporters of the Keystone XL pipeline, which would run from Canada to the Gulf of Mexico, say the privately funded, $8 billion project is a critically needed piece of infrastructure … Continue reading

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ALL you need to know

Between 2010 and 2012 the top 1 percent of American households took in nearly all of the income growth–95 percent. And they had 43 percent of the natiopn’s wealth. The bottom half of the population was left with a pittance–just 1.1 percent of the wealth–to divide up. Continue reading

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Job Market Reality

Jobless Rate in U.S. Falls Below 6% as Hiring Picks Up Ross Salinger Carlsbad Ca 14 hours ago When I was young, they wanted young people so I got hired. After 10 years everyone wanted people with ten years so … Continue reading

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Reality for Millenials

Readers discuss the huge disparity in pay between top executives and most workers. www.nytimes.com/2014/04/06/opinion/sunday/a-fairer-pay-system.html BARBARA J. PERENIC | DISPATCH Roberta Garber, an assistant vice president of the Columbus Metropolitan Housing Authority, said many people who have jobs “are not making … Continue reading

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Endless Energy in Asia

Nuclear fusion – zerocarbon electric power produced from sea water in a doughnut-shaped reactor that imitates the sun – is also far closer to a reality than most people think. It could stop man-made global warming once and for all … Continue reading

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Oil Prices means speculators

U.S. demand for oil and refined products — including gasoline — is down sharply from last year, so much that United States has actually become a net exporter of gasoline, unable to consume all that it makes Continue reading

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American Capitalism

Where Have All the Raises Gone? The findings help to explain the trajectory in wages for workers with bachelor’s degrees. From 1979 to 1995, their average pay rose modestly, by 0.46 percent on average annually, while wages declined for the … Continue reading

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