Work & Family
- Dark Clouds, Gathering Storm A new report by noted economist Charles McMillion outlines the gathering storm facing our economy. Industrial output is plunging, producer prices are soaring and the housing industry continues to crater.
- Wage Inequality Growth Surges for Those at the Top While middle and lower income earners struggle against a weak economy, a declining dollar, soaring gas and food prices, those at the top of the income scale have reaped even higher wage gains because of, among other things, a surging inequality in wages.
- Recession Deepens As Manufacturing Production Plunges A latest report just released by the Federal Reserve showed that overall Industrial production plunged by .7% in April with manufacturing output plummeting by .8% despite an increased Utility output. This is the fourth consecutive monthly decline for manufacturing output with slight declines in January and March but sharp cutbacks of .7% and .8% in February and April, respectively.
- Report Places Majority of Middle-Income Families At Long-Term Financial Risk A recent report issued by the research policy group and an academic institute Demos, estimates that only about one-third of middle income families in the country are financially secure enough to remain in the middle class in the long term.
