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Replying to @imalcoholicbruh #stitch w @The Older Millennial Tax cuts on the wealthy won't create more jobs today. We're already at full employment. Optimal Tax Theory says rates should go up as inequality rises. Considering our current large deficit. It's time to raise, not power taxes. #government #economy #economics #debt #rich #jobs #business #finance #invest #money #wallet #equality #economist
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We still talk about the rich and the working class as if nothing has changed, but 15 years ago, the economist Guy Standing argued that the old class system is dead. Instead, he thinks that society is divided into three, and this division is far, far more dangerous than at any time. At the top, you have a ‘plutocracy’ — the ultra-wealthy, the billionaires, the people who do not just have money, but have influence. Below them sits the ‘salariat’ — people with salary jobs, pensions, sick pay, a car
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The U.S. labor market has improved but people entering the work force are having a harder time starting careers. Recent college graduates are likely to make less money in the long term and have more trouble advancing their careers, economists warn. Sydney Ember, our business reporter, spoke with young college graduates struggling to find work. #jobs #unemployment #collegegrads #economy
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