…Ananya Bhattacharya. Last month, General Motors announced a Voluntary Separation Program (VSP) for most of its 58,000 US white collar employees and some of its global workforce. The company gave…

…engaging an actual “choke collar” on the economy, as they did in the first part of last year. Here’s another look at the same data, this time dividing gas prices…

…the House Republicans as a way to rein in federal spending. The cuts would undercut healthcare for military veterans and pensions for blue-collar workers with little impact to improving the…

…production team’s replacement rate was to 60 percent between 2021 and 2022, according to Anchor’s union. White collar employees left in droves. When Anchor announced in June that it was…

…restaurants and bars) lost their jobs than white collar office workers. The September 2021 peak is more realistic. Real wages are down -1.5% since then. Real aggregate payrolls for nonsupervisory…

…5% for seven years—compared to 11% and 27 years between 1970 and 1997. Wages for blue-collar workers went up during the Great Recession compared to a 7% decline during the…

…$4/gallon, giving rise to what I called the “oil choke collar” restraining economic growth. Similarly, after the pandemic, and especially with Russia’s invasion of Ukraine, gas prices, as well as…

…paid workers, who for decades have lagged well behind white collar, college-educated workers. As the Wall Street Journal reported at the beginning of the new year when 22 states raised…

…pathologies that have afflicted working-class Americans . . . .” “One gauge of how many Americans are struggling is that average weekly nonsupervisory wages, a metric for blue-collar earnings, were…

…include more white collar jobs created at the company’s corporate headquarters in downtown Detroit. Meanwhile, GM has recorded $70bn in profits since 2010 while taking $8 bn in subsidies in…