“I do think, right now, this is the canary in the coal mine for the union and for the industry,” a research analyst from MKM Partners warned.
Society
Rents Hit Another Alarming Record High — Soaring To 12% Above Last January
US renters paid $1,374 on average for a one-bedroom unit in January. That’s an increase of 12% and a new record over last year when renters only needed to pay about $1,217.
“Sold By Amazon” SBA Program Shuts Down Nationwide Due To Alleged Illegal Price-Fixing
“Consumers lose when corporate giants like Amazon fix prices to increase their profits,” the statement emphasized. “Today’s action promotes product innovation and consumer choice.”
How Did “Hustle Culture” Get The United States Addicted To Working Way Too Hard?
Working insanely long hours was suddenly the ultimate status symbol. Mental health professionals began to take note of the alarming rise in what would soon become known as “hustle culture.”
Children’s Cognitive Development Is Higher For Low-Income Families That Get Cash Gifts: Study
Patterns of neural activity observed in the group that got a $333 a month gift were associated with higher language, cognitive and social-emotional scores later in life.
Jon Stewart Once Warned Bezos That His Business Model For Workers Is A “Recipe For Revolution”
Criticism of Amazon’s business model has exploded in recent years as workers have begun to speak out about the grueling schedules and often humiliating conditions.
Musk And Bezos Lose Billions As Tech Stocks And Cryptocurrencies Tumble In Market Free Fall
Bitcoin, which already had the worst start of the year in its history, has dropped 16.8 percent just this week. Its record high of almost $68K in November is now below $35K.
Alabama Town’s Speed Trap Rakes In Nearly Half Of Its Revenue From Traffic Tickets And Forfeitures
Some residents claim that officers have tried to issue tickets or threatened arrest, citing laws that don’t even exist — like jail time for not having an ID.
Legendary Investor Predicts S&P 500 Will Crash Up To 50% After “Superbubble” Bursts
Grantham notes that he is “increasingly feeling like the boy watching the naked emperor passing in procession” about cryptocurrency’s “touchy-feely characteristic.”
An “Out Of Touch” Wharton Business Student Thinks The Average Worker Makes $800,000 In The US
According to the Social Security Administration, the actual numbers for the average U.S. annual wage last year was $53,383, and the median wage was $34,612.
Economic Left 