New Orleans The Louisiana legislature joined the chorus and declared, Equal Pay Day. The day, acknowledged by some, notes the number of days in the year that it has taken women to do the work necessary to be paid the same as men. Irony is unknown to most legislators, but, trust me on …
Category: Financial Justice
Wells Fargo Denies Loans to African-Americans
New Orleans Wells Fargo is in the news yet again and not in a good way. This shoe, now dropping hard, is not about them lying about new accounts, their boiler room operations, or any number of headlines over recent years that have forced resignations of their top executives. This time, it’s just …
There is No Free Labor Market
New Orleans Finally, it appears that economists are catching up with the on-the-ground reality when it comes to workers and the factors that push down on their wages. Arguments that there is a free labor market, universally mobile and propelled by little more than self-interest, have always been specious. Rationalizations that low wages …