Skip to main content

Why are the billionaires always laughing?

Because they know the corporate media will never call bullshit on their bullshit.

Why are the billionaires laughing?

It’s easy to laugh when the corporate press treats you as a glorious success instead of the epitome of a broken social order. They laugh because they know the corporate media prefers to fawn over them rather than hold them to account.

Today, we ask you to support our nonprofit journalism because we are not impressed by billionaires flying into space, their corporations despoiling our health and planet, or their vast fortunes safely concealed in tax havens across the globe. We are not laughing.

We are hard at work digging out the truth. Please support this independent journalism today by donating to our critical Fall Campaign. We cannot do it without you. Thank you. -- Craig Brown, Co-founder

Support Our Work -- Join the small group of generous readers who donate, keeping Common Dreams free for millions of people each year. Every donation—large or small—helps us bring you the news that matters.

Cashier wearing face mask and gloves at a Publix in Miami, Florida. (Photo: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images)

'Maybe... Pay People More,' Says AOC as Data Shows Half of US Workers Could Make More From Unemployment Than Low-Wage Jobs

"If $600 a week is a big raise, that's because workers were undervalued."

Jake Johnson

Rep. Alexandria Ocasio-Cortez said Tuesday that data showing around half of all U.S. workers stand to bring home more money per week from beefed up unemployment insurance than they would from their regular full-time jobs is an argument in favor of raising wages, not the right-wing solution of rolling back benefits.

"We should be asking ourselves why underpaid workers are being expected to labor for too little money in the first place."
—Michele Evermore, National Employment Law Project

"Maybe we should pay people more," the New York Democrat tweeted in response to a new Wall Street Journal analysis, which found that the average weekly unemployment payment for a laid-off worker will rise to around $978 once the temporary $600-per-week increase from the CARES Act kicks in.

The $600 weekly payment is in addition to the unemployment benefits states already provide, which vary widely.

"Qualified workers will receive the government payout every week through July, and in most cases, the combined $978 weekly payout amounts to better pay than what many workers received before the crisis hit," the Journal reported Tuesday. "Labor Department statistics show half of full-time workers earned $957 or less a week in the first quarter of 2020."

Michael Linden, executive director of the Groundwork Collective, said in response to the analysis that "if $600 a week is a big raise, that's because workers were undervalued."

Last month, as Common Dreams reported, a group of Republicans led by Sens. Lindsey Graham (R-S.C.) and Ben Sasse (R-Neb.) threatened to delay passage of the CARES Act over concerns that the bill's expansion of unemployment benefits was so generous that it would discourage people from working.

Progressives quickly rejected the Republican senators' framing of the issue. "Some of my Republican friends still have not given up on the need to punish the poor and working people," Sen. Bernie Sanders (I-Vt.) said at the time in a fiery speech on the Senate floor. "You haven't raised the minimum wage in ten years. The minimum wage should be at least 15 bucks an hour."

The Senate ultimately voted down Sasse's proposed amendment to the CARES Act that would have ensured no laid-off worker made more money per week from unemployment benefits than their previous job.

Michele Evermore, a senior policy analyst with the National Employment Law Project, wrote in a blog post Monday that "the real problem is that too many workers who qualify for benefits cannot access them," not that workers who access them get too much.

According to an Economic Policy Institute survey released Tuesday, as many as 12.2 million additional Americans could have filed for unemployment benefits over the past month but didn't due to the onerous application process.

"We should be asking ourselves why underpaid workers—who will hopefully be making closer to or above their regular wages, allowing for greater economic stability in these uncertain times—are being expected to labor for too little money in the first place," wrote Evermore. "Wages have stagnated for decades."

"Right now," Evermore said, "our concern should be focused on making sure that workers are able to maintain an adequate income."


Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.

Schumer Endorses 'Inspiring Community Leader' India Walton as Buffalo's Next Mayor

The U.S. Senate majority leader's move comes as some key New York Democrats refuse to back the democratic socialist.

Jessica Corbett ·


'Who Will You Throw Overboard?' Manchin Targeted for Trying to Sink Democratic Agenda

West Virginians gathered at the senator's yacht to demand that he stop blocking the "popular and needed" Build Back Better package.

Jessica Corbett ·


'We Shouldn't Do It at All': Manchin Admits He's the Enemy of Democrats' Ambitions

The right-wing West Virginia Democrat and fossil fuel investor has previously confessed his intent to quash his own party's sweeping $3.5 trillion Build Back Better package.

Brett Wilkins ·


After Getting 'Stealth Bailout' During Pandemic, US Corporations Try to Kill Proposed Tax Hikes

"When it's time to finally put workers first, big businesses are spending millions to maintain their advantage and preserve the status quo," said Kyle Herrig of Accountable.US.

Jessica Corbett ·


'Disgraceful': Just 9 Republicans Join With Dems to Hold Steve Bannon in Criminal Contempt

The vote "reveals just how far the Republican Party has fallen" since Trump took control as GOP's de facto leader, said one pro-democracy advocate.

Jon Queally ·

Support our work.

We are independent, non-profit, advertising-free and 100% reader supported.

Subscribe to our newsletter.

Quality journalism. Progressive values.
Direct to your inbox.

Subscribe to our Newsletter.


Common Dreams, Inc. Founded 1997. Registered 501(c3) Non-Profit | Privacy Policy
Common Dreams Logo