Raising Social Security’s retirement age would slam low-wage workers yet again

A proposal by Sens. Angus King (I-ME) and Bill Cassidy (R-LA) to raise the Social Security retirement age to 70 would be a massive benefit cut, particularly affecting low-wage workers. If Congress enacts it, millions more Social Security taxpayers would not live long enough to collect a cent in retirement benefits.

Raising Social Security’s retirement age would slam low-wage workers yet again

Related:

Social Security Solvency: Raised Retirement Age More Likely as Congress Fails to Compromise

America’s $52 Billion Plan to Make Chips at Home Faces a Labor Shortage + manufacturing chips in the US could make smartphones more expensive

America’s $52 Billion Plan to Make Chips at Home Faces a Labor Shortage

Another possible fix would be to keep people in the workforce longer, by raising the age at which workers can begin collecting Social Security or tapping into their pensions or 401(k)s. Yet Harry Holzer, a former US Department of Labor chief economist now at Georgetown University, says that neither feels politically feasible right now. Immigration has been a toxic issue in American politics for years, and Social Security has long been an untouchable entitlement. “None of that is doable,” Holzer says, which means “our labor force growth is going to continue to be modest.”

Related:

How manufacturing chips in the US could make smartphones more expensive

Morcos says a top concern of his is the narrowness of the CHIPS Act. Without bringing related device manufacturing back to the U.S., such as device batteries, sensors, cameras, antennas, and hundreds of other components, the manufacturing process could require the most critical component to be produced stateside, then shipped overseas to be assembled with hundreds of other components into a device that is then shipped back to the U.S. for the American consumer.

Work longer, for less pay, and you still won’t be able to afford the latest smartphone or laptop?! 🤷🏼‍♀️

Dems, Unions Spar Over Gun Laws While Deciding Location For 2024 Democratic Convention

Dems, Unions Spar Over Gun Laws While Deciding Location For 2024 Democratic Convention

Lawmakers in Chicago, Illinois, and Atlanta, Georgia, are deep in debate over the 2024 national convention, with Illinois lawmakers concerned that Georgia gun laws will fail to protect attendees, and Georgia Democrats saying that gun laws have “no particular impact” on the decision, according to the NYT. Alongside Georgia and Illinois, union leaders are arguing that the convention should be held in Chicago, as the city aligns with President Joe Biden’s stance on unions, saying he is the “most pro-union president in history.”

Joe Biden is the most pro-union president in history, and having it in a pro-union town reinforces that record and sends a message,” political and legislative Director of the International Association of Iron Workers Ross Templeton told the NYT.

Pro-union?!

[2014] If Apple Were A Worker Cooperative, Each Employee Would Earn At Least $403K

Apple has 98,000 employees and earned $39.5 billion after tax over the past year. If Apple was a worker cooperative, then each employee would’ve received a $403,000 dividend on top of their salaries. Even the lowest paid worker would’ve earned at least $403,000 in Apple as worker cooperative.

If Apple Were A Worker Cooperative, Each Employee Would Earn At Least $403K

The secret genocide in South Korea you’ve probably never heard of

On February 6, 1991, Song Joon-ae, an industrial worker, was preparing to lay building foundations in an anonymous area of land in Daejeon, South Korea. When he shovelled the last clump of dirt away, he discovered something which would shake South Korean society. Amidst the soil was something unmistakeable: a child’s skull, with several bullet holes.

The secret genocide in South Korea you’ve probably never heard of

[2020] Republicans blasting China forget that the GOP enabled Beijing’s rise

As a deadly pandemic wreaks havoc in an election year, Republicans are leveling relentless attacks against China. To be sure, Beijing’s initial response to the coronavirus outbreak was littered with errors, egregious injustices and conspiracy-mongering.

Republicans blasting China forget that the GOP enabled Beijing’s rise

Related:

What Republicans did 15 years ago to help create Donald Trump today

Urged on by their presidential standard-bearer, Texas Gov. George W. Bush, and by nearly all of the business lobbyists who represented the core of the party’s donor class, three-quarters of House Republicans voted to extend the status of permanent normal trade relations to China. They were more than enough, when added to a minority of Democrats, to secure passage of a bill that would sail through the Senate and be signed into law by President Bill Clinton.