Category Archives: Income Inequality

‘Tragic Outcome’ for Gig Workers as California Supreme Court Hands Win to Uber, DoorDash

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“Today’s ruling only strengthens our demand for the right to join together in a union so that we can begin improving the gig economy for workers and our customers,” the case plaintiff said.

By Brett Wilkins Published 7-25-2024 by Common Dreams

Uber, Lyft, DoorDash, and other members and allies of the California Gig Workers Union rally outside the California Supreme Court in San Francisco on May 24, 2024. (Photo: SEIU 1021/X)

Labor advocates on Thursday decried a ruling by the California Supreme Court upholding a lower court’s affirmation of a state ballot measure allowing app-based ride and delivery companies to classify their drivers as independent contractors, limiting their worker rights.

The court’s seven justices ruled unanimously in Castellanos v. State of California that Proposition 22, which was approved by 58% of California voters in 2020, complies with the state constitution. Prop 22—which was overturned in 2021 by an Alameda County Superior Court judge in 2021—was upheld in March 2023 by the state’s 1st District Court of Appeals.

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‘Economic and Moral Failing’: It’s Been 15 Years Since Last Federal Minimum Wage Hike

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“Voters understand that raising the minimum wage is the right thing to do, even if their elected officials in state legislatures and Washington, D.C. remain inactive.”

By Jake Johnson. Published 7-24-2024 by Common Dreams

Photo: Fibonacci Blue/flickr/CC

Former U.S. President Barack Obama had been in office for just over six months when the federal minimum wage was raised to a paltry $7.25 an hour—where it remains today, 15 years later.

Wednesday marked exactly a decade and a half since the federal wage floor was last lifted, an occasion that advocates used to tout state-level pay hikes and make the case for a long-overdue national increase, particularly as the nation’s billionaires and corporations do better than ever.

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‘Woah!’: FTC Applauded for Launching Inquiry Into Surveillance Pricing

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“Firms that harvest Americans’ personal data can put people’s privacy at risk,” FTC Chair Lina Khan said. “Now firms could be exploiting this vast trove of personal information to charge people higher prices.”

By Edward Carver. Published 7-23-2024 by Common Dreams

FTC Chair Lina Khan. Photo: New America/flickr/CC

The U.S. Federal Trade Commission on Tuesday launched an investigation into surveillance pricing and requested information from eight companies on the practice.

The FTC inquiry will look at the effect of surveillance pricing—using data on consumers’ behavior or characteristics to manipulate the price for them as individuals—on privacy, competition, and consumer protection.

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Student Loan Payments Paused for Millions Amid Court Fight Over Relief Plan

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While praising the Biden administration’s move “to stave off this reckless attack from extremist politicians and judges,” advocates stressed that “broad-based debt cancellation is the only solution.”

By Jessica Corbett. Published 7-19-2024 by Common Dreams

Image: The Prospect/CC

The Biden administration responded to an appellate court temporarily blocking one of its student debt relief programs by pausing payments for the 8 million borrowers already enrolled—a move welcomed by advocates, even as some called for further action.

U.S. Secretary of Education Miguel Cardona acknowledged in a statement that the 8th Circuit Court of Appeals’ ruling against President Joe Biden’s Saving on a Valuable Education (SAVE) plan “could have devastating consequences for millions of student loan borrowers crushed by unaffordable monthly payments if it remains in effect.”

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CFPB Aims to Protect Workers From Paycheck Advance Fees

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“The CFPB’s actions will help workers know what they are getting with these products and prevent race-to-the-bottom business practices,” said the director of the bureau.

By Julia Conley. Published 7-18-2024 by Common Dreams

Consumer Financial Protection Bureau Director Rohit Chopra. Screenshot: CNBC

With inflation rising in recent years, driven by corporate greed according to numerous analyses, the number of people in the U.S. who have relied on paycheck advance products has skyrocketed—but a rule introduced Thursday by the Consumer Financial Protection Bureau is aimed at ensuring that lenders who provide these products are transparent with financially struggling workers about the fees they can incur.

The CFPB proposed a rule clarifying that paycheck advances, sometimes marketed as “earned wage” products, are consumer loans and are therefore subject to the Truth in Lending Act.

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Targeting Corporate Landlords, Biden to Unveil National Rent Control Plan

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“The rent is too damn high—and rent control is a real fix,” one group said, praising the proposal.

By Jessica Corbett. Published 7-15-2024 by Common Dreams

Rent control rally in Seattle, 2019. Photo: Seattle City Council/flickr/CC

As former U.S. President Donald Trump secured the Republican nomination and announced his running mate on Monday, Democratic President Joe Biden prepared to unveil a proposal that would cap annual rent increases at 5% for tenants of major landlords.

After Biden briefly previewed the proposal during a press conference last week, The Washington Post reported on the planned announcement Monday, citing three people familiar with the matter. The Associated Press separately confirmed the plan.

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Teamsters President Urged to Cancel Republican Convention Speech

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One Teamsters official warned the union leader’s scheduled appearance “only normalizes and makes the most anti-union party and president I’ve seen in my lifetime seem palatable.”

By Jake Johnson. Published 7-12-2024 by Common Dreams

Teamsters General President Sean M. O’Brien testified at a hearing held by the U.S. Senate Committee on Health, Education, Labor, and Pensions (HELP) in 2023. Photo: Teamsters

Teamsters general president Sean O’Brien is facing mounting internal pressure to cancel his planned speech to the Republican National Convention in Milwaukee next week, with the union’s vice president at large accusing the labor leader of kowtowing to a viciously anti-worker party and a GOP presidential hopeful whose first four years in the White House were marked by open attacks on the labor movement.

John Palmer, the Teamsters’ vice president at large, wrote in an op-ed in New Politics earlier this week that O’Brien’s scheduled appearance at Donald Trump’s invitation “only normalizes and makes the most anti-union party and president I’ve seen in my lifetime seem palatable.”

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Bipartisan Group of Senators Announces Deal to Ban Stock Trading in Congress

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“If you want to serve in Congress, don’t come here to serve your portfolio, come here to serve the people,” said a Democrat leading the effort.

By Edward Carver. Published 7-10-2024 by Common Dreams

Photo: Senator Jeff Merkley/X

A small, bipartisan group of U.S. senators on Wednesday announced a proposal to ban trading of individual stocks by members of Congress and certain of their immediate family members, drawing praise from watchdog groups.

Sens. Jeff Merkley (D-Ore.), Jon Ossoff (D-Ga.), Gary Peters (D-Mich.), and Josh Hawley (R-Mo.) brought forth the bill, which would tighten rules on holdings of individual stocks and establish what Merkley described as “huge” penalties for noncompliance—the equivalent of a member’s monthly salary, or 10% of the value of the improper investment, whichever is greater.

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With Attention on Presidential Contest, GOP Goes on Austerity Rampage

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One leading Democrat warned Republicans’ spending proposals would “demolish public education” and “let corporate price gouging run rampant.”

By Jake Johnson. Published 7-6-2024 by Common Dreams

Speaker of the House Mike Johnson speaking with attendees at the Republican Jewish Coalition’s 2023 Annual Leadership Summit. Photo: Gage Skidmore/flickr/CC

With much of the public’s attention on the looming presidential election and high-stakes jockeying over who will take on Donald Trump in November, congressional Republicans in recent weeks have provided a stark look at their plans for federal spending should their party win back control of the presidency and the Senate.

The appropriations process for Fiscal Year 2025, which begins in October, is currently underway, with congressional committees engaging in government funding debates that are likely to continue beyond the November elections.

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Milei’s ‘twin extractivism’ reforms threaten Argentina and the planet

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Argentina’s debt will grow as Big Tech extracts data and knowledge, forcing state to abuse nature to pay it off

By Cecilia Rikap. Published 6-28-2024 by openDemocracy

Javier Milei, President of Argentina speaking at the World Economic Forum Annual Meeting in January 2024. Photo: World Economic Forum/flickr/CC

Argentina’s far-right president Javier Milei secured early this morning his first major win in office, with the country’s lower chamber passing the first of his landmark regressive reforms. Congress’s approval of the so-called Ley Bases, or the Bases Law, came weeks after the bill prompted a 13-hour debate in the upper chamber and a peaceful demonstration outside Parliament that was met with fierce police repression.

The legislation – which is a key part of Milei’s anarcho-liberal government plan – promotes investment in extractive industries, such as forestry, construction, mining, energy and technology. It includes a Large Investment Incentive Scheme (RIGI, by its Spanish acronym) that will grant extractive investment projects worth at least $200m lower income tax, authorise them to import fixed capital and tax only their exports in the first three years.

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