Robert Kuttner is the cofounder and coeditor of The American Prospect and a Visiting Professor at Brandeis’s Heller School. His most recent book is Debtors’ Prison: The Politics of Austerity Versus Possibility. (October 2014)
The Fissured Workplace: Why Work Became So Bad For So Many and What Can Be Done to Improve It
by David Weil
Private Equity at Work: When Wall Street Manages Main Street
by Eileen Appelbaum and Rosemary Batt
In mid-May, The New York Times reported on appalling labor conditions in the construction of NYU’s new satellite campus in Abu Dhabi. NYU said it had a commitment from both the government of Abu Dhabi and the contractor, the BK Gulf corporation, that workers would be treated decently. But the …
In 22 percent of America’s homes with mortgages, the debt exceeds the value of the house. Young adults begin economic life saddled with student debt that recently reached a trillion dollars, limiting their purchasing power. Middle-class families use debt as a substitute for wages and salaries that have lagged behind the cost of living. This private debt overhang, far more than the obsessively debated question of public debt, retards the recovery.