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35 votes
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Seattle’s law mandating higher pay for food delivery workers is a case study in backfire economics
18 votes -
The last remaining privately owned land on the Svalbard archipelago in Norway, "with significant environmental, scientific and economic importance" is on sale, for €300 million
7 votes -
Venezuela to accelerate cryptocurrency shift as oil sanctions return
8 votes -
Norway unveiled plans to remove a loophole used by the Nordic nation's richest – government attempts to drag more tax revenue out of the fleeing billionaires
15 votes -
"Debunking Davos and the global elite": The World Economic Forum and its annual meeting
18 votes -
Finland's proposed labour reforms risk doing more harm than good
8 votes -
After the Honduran president repealed a law granting unfettered authority to outside investors, investors took the dispute to a World Bank arbitration court
13 votes -
Russia is burning up its future
21 votes -
US Federal Trade Commission and eight states sue to block supermarket merger between Kroger and Albertsons
37 votes -
Finnish unions have called for industrial action to protest government proposals on labour law reforms which they say would adversely impact low-wage earners
10 votes -
Greedflation accounts for fifty-three cents of every US dollar of inflation in past six months
62 votes -
New US bank-overdraft fee limits to go into effect
41 votes -
New York City plans to wipe out $2 billion in medical debt for 500,000 residents
27 votes -
Moose, maple syrup and monopolies: Is Canada finally taking on its oligarchs?
10 votes -
Slate's latest article about US Social Security benefits was full of errors, myths and lies
28 votes -
US real estate agents compensation challenged in suit from Joe Biden Department of Justice
12 votes -
US Supreme Court case Securities and Exchange Commission v Jarkesy threatens the role of adminstrative law judges
14 votes -
Payments app Zelle begins refunds for imposter scams after Washington pressure
13 votes -
How millions of US borrowers got $127 billion in student loans canceled
15 votes -
Canadian federal government considering new caps on payday lending and high risk lending
12 votes -
It’s official: The era of China’s global dominance is over
22 votes -
Detroit wants to be the first big American city to tax land value
33 votes -
If you are in the US, that cardboard box in your home is likely fueling election denial
26 votes -
Size of McKinsey consulting firm opioid settlement increased by $230 million
10 votes -
US government imposes sanctions on five Turkish corporations over dealings with Russia
7 votes -
The GDP gap between Europe and the United States is now 80%
37 votes -
A huge threat to the US budget has receded. No one is sure why (A decade of Medicare spending growth and projections)
18 votes -
Poland cuts tax for first-time homebuyers and raises it for those buying multiple properties
29 votes -
Los Angeles is exploring banning cashless businesses, following the example of New York City, Philadelphia, Massachusetts, Colorado, New Jersey, Rhode Island and Washington, DC
59 votes -
The biggest bank heist in history (and why you've never heard of it)
7 votes -
US Education Department readies latest tranche of student debt relief but faces new legal challenges to the program
18 votes -
Portugal’s bid to attract foreign money backfires as rental market goes ‘crazy’
45 votes -
Mastercard move at cannabis shops intensifies call for US decriminalization
42 votes -
US tax code blamed as wealthy see major retirement account gains
44 votes -
Turkey is heading for a classic currency crisis. All of its reserves and then some are borrowed.
28 votes -
The trillion-dollar grift: Inside the greatest scam of all time
26 votes -
The impact of Brexit on the UK economy - reviewing evidence
10 votes -
Report - The increasing return of legal child labor to the US economy
Child labor is making a comeback with a vengeance. A striking number of lawmakers are undertaking concerted efforts to weaken or repeal statutes that have long prevented (or at least seriously...
Child labor is making a comeback with a vengeance. A striking number of lawmakers are undertaking concerted efforts to weaken or repeal statutes that have long prevented (or at least seriously inhibited) the possibility of exploiting children.
Take a breath and consider this: the number of kids at work in the U.S. increased by 37% between 2015 and 2022. During the last two years, 14 states have either introduced or enacted legislation rolling back regulations that governed the number of hours children can be employed, lowered the restrictions on dangerous work, and legalized subminimum wages for youths.
Iowa now allows those as young as 14 to work in industrial laundries. At age 16, they can take jobs in roofing, construction, excavation, and demolition and can operate power-driven machinery. Fourteen-year-olds can now even work night shifts and once they hit 15 can join assembly lines. All of this was, of course, prohibited not so long ago.
Legislators offer fatuous justifications for such incursions into long-settled practice. Working, they tell us, will get kids off their computers or video games or away from the TV. Or it will strip the government of the power to dictate what children can and can’t do, leaving parents in control — a claim already transformed into fantasy by efforts to strip away protective legislation and permit 14-year-old kids to work without formal parental permission.
In 2014, the Cato Institute, a right-wing think tank, published “A Case Against Child Labor Prohibitions,” arguing that such laws stifled opportunity for poor — and especially Black — children. The Foundation for Government Accountability, a think tank funded by a range of wealthy conservative donors including the DeVos family, has spearheaded efforts to weaken child-labor laws, and Americans for Prosperity, the billionaire Koch brothers’ foundation, has joined in.
Here is a Robert Frost poem related to the subject of the article. https://www.poetryfoundation.org/poems/53087/out-out
I'm GenX and I worked as a teen, but my earliest jobs were babysitting, not industrial labor.
54 votes -
Gini global inequality at lowest level in nearly 150 years
13 votes -
US Supreme Court strikes down President Biden's student loan forgiveness: Now what?
117 votes -
PwC Australia to sell its government business for A$1, and appoint new CEO, after tax advice scandal
7 votes -
A Delaware city is set to give corporations the right to vote in elections
28 votes -
US President Joe Biden can probably forgive student debt even if Supreme Court of the United States rules against him
28 votes -
Cheques will be phased out in Australia by 2030 as mobile wallet use sky-rockets
18 votes -
Why are US red states hiring so much faster than blue states?
7 votes -
The high-wire drama of raising the US debt ceiling is making headlines again. Is there a better way? Perhaps Denmark has the answer.
5 votes -
The reasons behind France’s pension protests
3 votes -
Joko Widodo wants local governments to ditch Visa, Mastercard
4 votes -
Beijing needs to junk its economic playbook
4 votes