Nancy Folbre
@NFolbre
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Economist, feminist, socialist, care a lot about care work and intersectional political economy.
Amherst, MA
Joined July 2015
Care about care? Terrific new report makes the case for social investments that could benefit us all. #CareCantWait
#ChildCareForAll
#PaidLeaveForAll
https://t.co/aabWLzc9uy
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Hi five! Kiss the rich! The share of consumer spending by the top 10% has increased from 35% in 1994 to 49.2% today.
prospect.org
For the last 20 years, analysts have known that this is an economy by and for the rich.
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Whose economy? Not yours, unless you're in the top 10% (households making more than $250,000 a year) that account for 49% of all consumer spending these days. Sales of luxury goods and services are what's keeping the economy afloat... #inequality
https://t.co/0qnRKTKRvq
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Watch the actual Fox News broadcast "joking" about how to get rid of the homeless. #homeless
#evil
https://t.co/2ddcH8dJ7g.
mediamatters.org
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The private cost of children in the U.S. is at least twice as high as conventional estimates suggest. https://t.co/gc53Jq5KSI
dollarsandsense.org
Even a low-ball estimate of the cost of time shows just how misleading an estimate based only on money expenditures really is.
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Individuals working freelance day jobs are now considered "suspects." Perhaps they will soon be required to wear a yellow star on their outer clothing to identify their "alien" status. #ice
https://t.co/kHH9yH0L3z
the.ink
The Supreme Court says, "Show us your papers"
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False promises, blue collar blues, and bye bye manufacturing. So far this year jobs in this sector have declined by 38,000. #stagflation
https://t.co/RKniJ8QYtX
wsj.com
Most businesses have stopped new hiring as tariffs add costs and uncertainty, the latest jobs report confirms.
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Since our President prefers Diet Coke for breakfast, he might not have noticed that that ground roast coffee prices are up 38% from a year ago. #inflation
https://t.co/s28JkeivmN.
cnbc.com
Coffee prices have spiked as major producers like Brazil and Vietnam have experienced extreme weather that's crimped supply.
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Most so-called pronatalist policies in the U.S. seriously underestimate the costs and risks of raising children in today’s economic environment. They also ignore child poverty. #feminist
#childcare
https://t.co/zXSoQG19qz
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What could we do with the $5.7 trillion owned by billionaires in the U.S. today? Wall Street Journal notes it could buy a Corvette Stingray for every 65+ U.S. driver. I guess it knows its subscribers well, even as it reveals its own values. #plutocracy
https://t.co/epTX6ZnGWM
wsj.com
An exclusive, up-close look at the richest people in the U.S. from celebrities like Taylor Swift and Elon Musk to a founder of a roofing supplier in Wisconsin.
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MAGA personality Charlie Kirk tells Taylor Swift, "Engage in reality more… Reject feminism. Submit to your husband, Taylor. You're not in charge.” Travis, buddy, time for you to speak up. #Feminism
https://t.co/OTby9FtQ39
independent.co.uk
MAGA mouthpiece Charlie Kirk offered a somewhat disingenuous congratulations to the pop megastar – who he has regularly criticized for being ‘woke’ – following the announcement
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The tools we have for managing inflation and unemployment are not only weak--they are also fundamentally biased against working people. https://t.co/3eRwjfWhIx
dollarsandsense.org
The first obvious step right now for fighting stagflation is for Trump to dump his tariff policies.
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Home care workers in US just got kicked in the butt-no more minimum wage or overtime protections! Evelyn Coke won a 2007 court case that laid a legal foundation for such protections. Fight back in her name. #careworkeconomy
https://t.co/IVKS5pEkYp
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The war is on. "...what Trump is really waging is mostly a class war against middle- and lower-income Americans rather than a trade war against other countries. The hit from his tariffs to the typical family is much bigger than the hit to GDP." https://t.co/zkizqpX058
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The reserve army of impersonators continues to feed on the embodied labor of human minds. Direct quote from Wall Street Journal today: "CEOs are now talking openly about AI's immense capabilities likely leading to job cuts." #AI
#jobseekers
https://t.co/4lcBr3LcsM
wsj.com
Companies have long leaned on entry-level workers to do grunt work that doubles as on-the-job training. Now ChatGPT and other bots can do many of those chores.
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Crypto decoded by economist Gerald Epstein, author of Busting the Bankers' Club. #Crypto Crypto: What Is It and What Is the Fuss All About?
dollarsandsense.org
Cryptofinance, including cryptocurrency, is the newest hot item in the world of financial “innovation.”
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The legal and political (and physical!) abuse of immigrants is going to hurt our economy. Wages, Employment, and Immigration
dollarsandsense.org
Instead of competing with native-born workers for jobs, immigrant workers actually tend to complement native-born workers.
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Paul Krugman takes down the trade deal with Japan, which is going to hurt all of us, including our auto companies. https://t.co/eYhZB9rEl7
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