Ask Prof Wolff

A Patron of Economic Update asks: "What are some potential macroeconomic consequences if a significant number of corporations began to experience a profit rate that is near 0 or even less than 0? Thank you!"

A Patron of Economic Update asks: "Hi, Prof Wolff. I work as a pilot in the airline industry. We enjoy great pay, benefits, work rules, etc. compared to other labor in the USA. This is because we have strong unions. There is a company that is doing great financially, has publicized massive growth plans, but is dead-set against meeting pilots' demands for an industry competitive contract. It almost seems like the behind the scenes leadership (the major share holders) are setting the company up to be sold. Is there anything In the USA specific work groups (or better, all of them combined) can do to hold Big Money owners accountable?"