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.
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.
The index is at its lowest level since June 2009, during the Great Recession.
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.