The Rise of a Semi-employed America: Amazon to hire 70,000 part-time workers while Merck will fire 8,500 full-time employees. Before recession 4 million part-time workers today over 8 million.
The US is seeing a dramatic rise in the number of part-time workers. Â The reason many employers are going with part-time hiring is that they usually forgo any benefit payments but also have more flexibility in firing these workers when they no longer need them. Â This may also explain the rise in renting households as […]
Debt serfdom via student loans: A new class of indentured servants now carry the $1.1 trillion student loan bubble and cracks are already plaguing the system.
$1.1 trillion. That is the amount of student debt being carried on the backs of millions of Americans. Student debt has become a rite of passage for many young Americans. In fact, many Americans establish their first credit line with student debt as they enter college. The crisis is large and has a direct connection […]
Modern day financial repression and disinformation: Financialization of America creates incentives for massive income inequality.
America in the last couple of decades has undergone a massive reformation when it comes to the financial system. The ability to convert everything and anything into a tradable security has been the biggest goal of Wall Street and has captured our entire economy like a starving grizzly bear chowing down on Alaskan salmon. Even […]
The scam of unpaid internships: How companies exploit free labor from students under the guise of unpaid internships.
Many people have taken on internships that were unpaid merely to learn some transferable skill or to build a solid network. This was okay in a time when graduating students had little debt and higher education was more affordable. Today some companies have used interns as a source of free labor without adding any benefits […]