Wall Street Bonuses Decline But Still Dwarf Worker Pay Increases Since 2008 Crash

Wall Street Bonuses Decline But Still Dwarf Worker Pay Increases Since 2008 Crash

Since 2008, the average Wall Street bonus has climbed by more than 75 percent, compared to just a 54 percent increase in average earnings of all private sector workers and a 42 percent rise in manufacturing wages. If the minimum wage had increased as much as Wall Street bonuses since 1985, it would be worth $42.37 today.

One of the Highest Military Budgets in History

One of the Highest Military Budgets in History

Last week, the White House released President Biden’s budget request for Fiscal Year 2024, which begins October 1 of 2023. As usual, the biggest portion of the discretionary budget request – 52 percent – was for military spending. While that’s usual,...
Reparations Are Expensive — but Not Repairing the Harm Costs More

Reparations Are Expensive — but Not Repairing the Harm Costs More

The racial wealth divide between Black and White Americans is much bigger — and more stubborn — than many of us realize. The median African-American household has just 6 percent of the wealth of the median White American household, the Institute for Policy Studies...
20 Years Ago, the World Said No to War

20 Years Ago, the World Said No to War

A look back at the history-making mobilization against the Iraq War that turned ordinary people into a “second superpower” — one we badly need today.