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Seattle City Council Panel OKs $15 Minimum Wage (AP)
This clears the way for the full city council to vote on the minimum wage increase next week, reports Manuel Valdes, but delays implementation by another three months.
- Roosevelt Take: Roosevelt Institute President and CEO urged this step on the minimum wage when she gave the closing remarks at Seattle's Income Inequality Symposium.
Elizabeth Warren to Obama: Fed Nominees Should Crack Down On Big Banks (MoJo)
Senator Warren wants the Federal Reserve to spend more time on financial regulation, says Erika Eichelberger, and sees two open seats as an opportunity to add reformers.
The US GDP puzzle: Is This a Temporary Drop or Something More Serious? (The Guardian)
Heidi Moore examines the possible reasons for the sharp drop in GDP in the first quarter of 2014. She argues that if it's a blip, it's unclear how the economy will bounce back.
Walmart Moms’ Walkout Starts Friday (In These Times)
The "Walmart Mom" was originally conceived as a political category, but Sarah Jaffe reports that real moms who struggle to support families on Walmart wages are striking.
Companies Commit Human-Rights Abuses in America, Too (The Atlantic)
Christine Bader argues that horrors in American workplaces should be viewed through a human rights framework, which would prioritize people over profits.
Thomas Piketty Responds to Criticism of His Data (NYT)
Neil Irwin summarizes Piketty's response to the Financial Times, which argues that the FT's criticism used flawed methodology in its examination of his data.