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America’s Dark Economic Secret: How a Giant Gimmick Has Wages and Jobs Hanging by a Thread (Salon)
Tax-dodging techniques like inversions have turned all corporations into financial firms focused on moving their money around so that the government can’t get to it, writes David Dayen.
Germany’s Major Export: Economic Optimism (WaPo)
Corporate structures that balance the interests of shareholders and workers may explain why Germans feel better about their economy than other westerners, writes Harold Meyerson.
- Roosevelt Take: Fellow Susan Holmberg and Mark Schmitt write about why we need to rethink the nature of corporations in Democracy Journal.
The Rich Are Getting Richer, Part the Millionth (MoJo)
The numbers don’t lie, writes Kevin Drum: the rich have been soaking up a larger and larger share of economic expansions since the 1950s, including 95 percent of income growth since 2009.
Yes, Tipping Sucks. But You Still Have to Do It. (The Nation)
Pushing companies like Marriott to raise wages is a worthy cause, writes Bryce Covert, but refusing to tip will only hurt low-income workers, many of whom already live in poverty.
17 Numbers That Will Make You Realize Just How Pathetic the Federal Minimum Wage Is (HuffPost)
Claims that raising the minimum wage would destroy the economy sound even more dubious when considering how low it is and how many workers depend on it, notes Nick Wing.
Miss a Payment? Good Luck Moving That Car (NYT)
Michael Corkery and Jessica Silver-Greenberg report on the latest innovation in terrorizing debtors: devices that allow subprime auto lenders to track and remotely disable cars.
New on Next New Deal
A new EPA rule requires Georgia to reduce carbon emissions by 44 percent by 2040, writes Campus Network Senior Fellow Torre LaVelle, but the state’s would-be leaders are ignoring the issue.