This episode provides updates on China’s currency moves, adjuncts unionizing, Pepsi and Coke offering self-serving health advice and Rand Paul’s misunderstanding of economics. We also respond to questions regarding what happened to US real wages from 1974 to 2014. Finally, we give an in-depth critical analysis on the toxic effects of rising inequality and the role of psychologists play in advertising.

To see more stories like this, visit Economic Update: Your Weekly Dose of Revolutionary Economics

To listen in live on Saturdays at noon, visit WBAI’s Live Stream

Economic Update is in partnership with Truthout.org

Your radio station needs Economic Update! If you are a radio station, check this out. If you want to hear Economic Update on your favorite local station, send them this.

Visit Professor Wolff’s social movement project, democracyatwork.info.

Permission to reprint Professor Wolff’s writing and videos is granted on an individual basis. Please contact This email address is being protected from spambots. You need JavaScript enabled to view it.“>[email protected] to request permission. We reserve the right to refuse or rescind permission at any time.