Fast food uprising
If you're looking for some sharp analysis of the fast food strike in NYC last week,this clip with Sarah Jaffe on The Ed Show delivers:
I think this is very intriguing. It takes a lot of guts to walk out of a job, especially in a tough job market. And yet we're starting to see it happen. Charts like this tell the tale:
Corporate profits hit all time high:
Corporate profits as part of GDP also hits all time high:
Corporate profits vs wages:
I think we can all see what's wrong with this picture.
It's happening because people intuitively get that they're being screwed and some smart organizers are out there giving them some tools and ways of thinking about that. It's going to be very interesting to see how this plays out.