Economic Update- Roots of a Surging US Labor Movement

 In this week’s Economic Update, Professor Richard Wolff discusses the reasons why the United States' current unemployment rate is low in comparison to historic rates; We also highlight why U.S. restaurants are losing business. We then turn to the hypocrisy of Treasury Secretary Janet Yellen in the face of the repression of the growing protest movement against Israeli policy in Gaza. In addition, we discuss Gabriel Zuckman's report on the economic impact of the dramatic cuts in taxes on billionaires vs rising taxes on the poorer half of the U.S. population. Finally, we Interview union activist Steve Early on rising labor militancy and unionization: its roots, momentum, and future.