As wage growth stalled for 90% of workers, the average incomes of the top one percent increased at a whopping 300% of the rate of economic growth.
S&P 500 Posts Fastest 30% Decline Ever, Faster Than During Great Depression
The index fell 30% over 22 days, the shortest duration on record.
Transitioning to Completely Green Economy Would Pay For Itself in Seven Years, Create Jobs Study Finds
The study conducted by a Standford University professor study finds transitioning to 100% green economy would save $11 trillion a year, cost $73 trillion up-front. There would also be a net increase of 28.6 million more jobs.
US Manufacturing Sector Falls for 5th Consecutive Month
The index is at its lowest level since June 2009, during the Great Recession.
Corporate debt levels hit record highs, and that has experts worried
Corporations have almost $10 trillion in debt on their balance sheets, equivalent to 47% of the entire U.S. economy. Peaks in corporate debt levels have historically coincided with recessions.
All our lives are affected by the economy. But the majority of reporting has a bias favoring the perspective of the haves and have nots. That is why Economic Left seeks to provide another perspective.