The Great Betrayal: How 1980s Economic Policies Decimated America's Working Class
The 1980s marked a pivotal shift in North American economic policy, deliberately dismantling working-class prosperity through aggressive deregulation and anti-labor measures. From record-high interest rates to union-busting, these calculated decisions transferred an estimated $50 trillion in wealth from workers to the affluent over four decades.
Office Loan Defaults Surge to Decade High as Remote Work Reshapes Real Estate
Office loan delinquencies hit 10.35% in October 2023, the highest level since 2012, as the commercial real estate sector grapples with rising interest rates and reduced demand. The trend highlights a fundamental transformation in workplace dynamics despite corporate return-to-office initiatives.
Job Market Stagnation: Two-Thirds of Workers Feel Trapped in Current Roles
A Glassdoor survey reveals growing frustration among professionals, with nearly two-thirds feeling stuck in their positions amid declining career satisfaction since 2022. The trend is particularly pronounced in tech and advertising sectors, while more workers are willing to accept pay cuts for lateral moves.
US Job Market Defies Expectations: Openings Rise to 8 Million
The US labor market shows unexpected resilience as job openings increase to 8 million in August. Despite economic challenges, the construction sector and government positions see notable growth, signaling continued strength in the American economy.