The Fed’s Response to Rising Inflation Protects the Wealthy at Workers’ Expense

The specter of inflation is haunting the world’s economies. Surging prices since 2020, especially in food and energy, have eroded global living standards, though inflation varies considerably across countries. However, inflation is hitting the working class and lower-income people harder than wealthier households, triggering protests around the world, especially in countries with strong trade… Source Source / Read More: The Fed’s Response to Rising Inflation Protects the Wealthy at Workers’ Expense

Many Child Care Workers Are Blocked From Student Loan Forgiveness

Adrienne Briggs has $55,000 in student loans. Each month, she pays $150 toward the debt. Briggs runs a small child care center out of her home in Philadelphia, Pennsylvania, where she’s been caring for children for 30 years. “I am 62 years old and should be looking toward retirement,” Briggs said. But with loans to pay, she doesn’t think that will happen. She kept chipping away at the loans, even during the suspension of federal student loan payments intended to provide relief during the pandemic. But that extra effort barely brought the debt down. “I’ll probably have to work until…

Progressive Lawmakers Signal Support for Four-Day Workweek Proposal

As the movement for a shorter workweek gains steam across the country, the Congressional Progressive Caucus (CPC) has endorsed a House bill that would establish a 32-hour workweek as the nationwide standard for full-time work. The proposal was filed earlier this year by caucus member Rep. Mark Takano (D-California) and would shorten the standard workweek by lowering the threshold for overtime compensation from 40 hours to 32 hours. With standard eight-hour workdays, this would translate to a four-day workweek. Though the proposal stands little chance of passing Congress, the caucus’s support is a signal that progressives lawmakers are listening to…