Daily Digest - October 16: Can a Nobel Change the FCC's Tactics?

Oct 16, 2014Rachel Goldfarb

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Nobel-Winning Message for the FCC (Bloomberg View)

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Nobel-Winning Message for the FCC (Bloomberg View)

Roosevelt Institute Fellow Susan Crawford asks whether Jean Tirole's new Nobel Prize might convince the Federal Communications Commission to reconsider his work on regulating communications utilities.

Retail Group's Report Aims to Counter Wage 'Misperceptions' (Chicago Tribune)

Roosevelt Institute Fellow Annette Bernhardt tells Alexia Elejalde-Ruiz that the National Retail Federation's report is "an astonishing exercise in tautology" that ignores the industry's bad jobs.

Nurses Union: ‘We’ve Been Lied To’ About Ebola Preparedness (MSNBC)

National Nurses United is accusing the Centers for Disease Control of insufficiently training nurses for the front-line work needed to fight this potential epidemic, reports Ned Resnikoff.

Wall Street Might Know Something the Rest of Us Don’t (NYT)

Neil Irwin suggests that current drops in the stock market need not be seen as a sign of another crisis brewing: more likely, the market is falling back in line with the rest of the economy.

When the Workday Never Really Ends (The Nation)

Michelle Chen looks at new research on how so-called flexible scheduling disrupts the lives of low-income workers with "normal unpredictability" in already-precarious industries.

What’s the Punishment for Ripping Off Consumers? (Medium)

The typical regulatory response to large financial institutions lying to customers is a fine, and Felix Salmon says these fines aren't high enough to be an actual punishment or force change.

Gar Alperovitz on Why the New Economy Movement Needs to Think Big (Yes Magazine)

Scott Gast reviews Alperovitz's new book, What Then Must We Do?, in which he lays out the possibility of a new economic system built up from worker cooperatives.

New on Next New Deal

Threat of Ebola Highlights Problems in the U.S. Public Health System

Roosevelt Institute | Campus Network Senior Fellow for Health Care Emily Cerciello says the two cases of Ebola transmitted in the U.S. prove the need for improved public health infrastructure and guidelines.

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Daily Digest - October 15: "Fifteen and a Union" Goes Beyond Fast Food

Oct 15, 2014Rachel Goldfarb

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America’s Fastest-Growing Profession is Joining a Very Public Fight for Higher Wages (WaPo)

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America’s Fastest-Growing Profession is Joining a Very Public Fight for Higher Wages (WaPo)

Lydia DePillis looks at the differences in home health aides' fight for "15 and a union" when compared to fast food workers. For one, most home health aides are paid by Medicaid.

Gov. Scott Walker on the Minimum Wage: "I Don't Think It Serves a Purpose" (MoJo)

Andy Kroll places the Wisconsin governor's comments in context with his other remarks opposing the minimum wage, and his state's strong support for an increase.

Can Rehabilitating Prisoners Repair Wall Street’s Broken Reputation? (Buzzfeed)

Matthew Zeitlin questions whether financial products that fund social services are more than just a charm offensive meant to make Wall Street look nicer to the public.

Americans Face Post-Foreclosure Hell as Wages Garnished, Assets Seized (Reuters)

An uptick in "deficiency judgements," in which banks go after debt that wasn't covered by a foreclosure sale, is preventing people from moving forward after the Recession, writes Michelle Conlin.

When the Guy Making Your Sandwich Has a Noncompete Clause (NYT)

Neil Irwin says the noncompete clauses for "sandwich artists" at Jimmy John's typify the trend toward practices and procedures that leave low-wage workers even worse off.

Walmart’s Cuts to Worker Compensation Are Self-Defeating (AJAM)

By raising workers' share of insurance premiums, David Cay Johnston says that Walmart and other companies are only ensuring their own customers have less to spend.

The Real World of Reality TV: Worker Exploitation (In These Times)

David Dayen explains the difficult working conditions of the writers and editors who create "unscripted" reality television in light of one staff's recent push for unionization.

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Daily Digest - October 14: Americans Are Too Vulnerable to Downward Mobility

Oct 14, 2014Rachel Goldfarb

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The Age of Vulnerability (Project Syndicate)

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The Age of Vulnerability (Project Syndicate)

Roosevelt Institute Chief Economist Joseph Stiglitz points out that inequality isn't just about lack of upward mobility, but also risk of downward mobility, and the U.S. economy has made people particularly vulnerable.

The Score: Does the Minimum Wage Kill Jobs? (The Nation)

Roosevelt Institute Fellow Mike Konczal and Bryce Covert say the answer is probably no; for one, the states that have raised their minimum wage this year are experiencing higher employment growth.

In Texas and Across the Nation, Abortion Access is a Sign of Women's Well-Being (The Hill)

Roosevelt Institute Fellow Andrea Flynn and Shulie Eisen connect access to abortion with the larger picture of women's health and economics. States that limit abortion don't do well on related issues either.

Youth Convention Gathers Crowds, Pols Over Brutality, Employment, Immigration, Ed and Transport (The Youth Project)

Jason Mast reports on the NextGen Illinois conference, profiling a few of the student organizers who are pursuing political change in their state now instead of waiting until they're older.

Revenge of the Unforgiven (NYT)

Paul Krugman says an excess of virtue surrounding debt is killing economic growth. Forgiving more debt would increase the other spending needed to kick-start the economy.

Them That's Got Shall Get (TAP)

Nathalie Baptiste follows up on the impact of the foreclosure crisis on black family wealth, focusing on the wealthiest black community in the country: Prince George's County, Maryland.

‘Citizens United’ is Turning More Americans into Bystanders (WaPo)

E.J. Dionne argues that massive independent political spending is turning voters off, as it deepens our divisions and the sense that no one will work together after the election.

New on Next New Deal

Does the USA Really Soak the Rich?

Roosevelt Institute Fellow Mike Konczal says that recent arguments against more progressive taxation use a nonsensical definition in which inequality drives up tax progressivity.

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Daily Digest - October 10: Feminists Leading the Charge in Global Development

Oct 10, 2014Rachel Goldfarb

Please note: There will not be a new Daily Digest on Monday, October 13, in observance of Indigenous People's Day. The Daily Digest will return on Tuesday, October 14.

Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest.

Please note: There will not be a new Daily Digest on Monday, October 13, in observance of Indigenous People's Day. The Daily Digest will return on Tuesday, October 14.

Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest.

Connected Feminism Shows A Muscular Commitment To Change - And Civil Rights (Forbes)

Tom Watson reflects on the Women and Girls Rising conference, praising it for demonstrating the power of feminism in the development world today.

Change in Derivatives Doesn’t Resolve Question of Safe Harbors (NYT)

Stephen J. Lubben says that a change in bankruptcy laws so that other investors can be pulled into proceedings when one goes bankrupt doesn't go far enough.

  • Roosevelt Take: Lubben wrote a chapter in An Unfinished Mission, the Roosevelt Institute and Americans for Financial Reform's report on the questions that remain in financial reform post-Dodd-Frank.

After Huge Tax Incentive Package, Boeing Still Ships Jobs out of Washington (WaPo)

Boeing's tax incentive package was the largest any state had ever offered any one company, writes Reid Wilson, but that has not prevented Boeing from relocating a few thousand jobs.

  • Roosevelt Take: Washington's Boeing workers are largely unionized, and Roosevelt Institute Senior Fellow Richard Kirsch praised them for rejecting a contract that harmed newer and younger workers last year.

From Lagging 'Job Creation' to Lower Charity Giving, the Wealthy Give Less Back to Society (The Guardian)

Suzanne McGee questions why the wealthiest Americans give the lowest percentage of their income to charity, when presumably they have enough funds to do more.

Voter ID Laws Cut Turnout By Blacks, Young (HuffPo)

Alan Fram reports on a new study by the Government Accountability Office, which shows steep drops in turnout in states with new voter ID laws.

Supreme Court Blocks Wisconsin's Voter ID Law (USA Today)

With this emergency stay and a related decision by a district court judge in Texas, some of the most restrictive voter ID laws will not be in effect this November, says Richard Wolf.

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The Federal Reserve Won't Save the Economy for All

Oct 9, 2014Joelle Gamble

Deepening political participation in and beyond voting is key to achieving policies that raise outcomes for the working class.

Deepening political participation in and beyond voting is key to achieving policies that raise outcomes for the working class.

Inflation hawks have been the talk of the town in elite economic circles in recent weeks. More liberal-leaning minds critique their (frankly) unsubstantiated concerns that the Federal Reserve is driving the U.S. economy toward high levels of inflation. Hawks are concerned that high levels of inflation due to expansionary monetary policy will lead to negative economic outcomes for major firms and, in turn, the rest of the American public.

Instead of worrying about inflation, which has remained at or below 1.5 percent for a year and a half, many prominent economists argue that we should focus on wage growth and jobs. We have seen profits for corporations rise to nearly pre-recession rates, while the poverty rate is not declining as fast as it should be. It’s clear there are some big policies that need changing: the minimum wage, the corporate tax structure, federal budget priorities, and regulations ranging across industries. So why is there so much focus on the Fed and the inflation hawks that circle it? Is there some policy lever we can pull here that would raise outcomes for the working class?

Let’s lay it out on the table: Current economic debates have focused on U.S. and global monetary policy because our fiscal policy problems appear to be inoperable. A Congressional stagnation, of sorts, has led to a fixation on a different institution, the Federal Reserve. But, overall, can this fixation actually translate into outcomes for the middle class?

With a gridlocked federal system, where can we push for substantial changes in wages and investment infrastructure that support the working class? Executive orders have their limits, of course. Advancements in cities like Seattle and New York City or states like Maryland have started to take effect. But at some point, a deeper, sustainable change must take place. This is a change in who leads in governance and who leads on policy change.

Elections are our general go-to on these matters. If political representation fails, we can just vote them out! Elections matter, but, there are some facts to consider. Currently, the average U.S. voter has an income higher than the median. This is due to lack of access, as well as the privilege of being able to make time to vote. Thus, we should open up opportunities, such as early voting, to more people. But even still, with faith in government falling, access reforms only go so far.

Beyond the act of voting itself, we have to question the responsiveness of the federal government, in particular, to voters. The growing influence of interest groups and coalitions of the wealthy make the ability to change political outcomes from the ballot box less and less secure.

We need to grow the bench. Deepening political participation in and beyond voting is key to achieving policies that raise outcomes for the working class. It is not enough to vote; government must be responsive. As Roosevelt Institute Fellow Sabeel Rahman notes, historic movements of substantial political reform have popular sovereignty and grassroots movements at their core.

Sabeel's words ring especially true in our current political climate. With congressional ineptitude and an unwillingness of the elites to take responsibility for the current state of our democracy, we must return to local movements and communities to build the foundations needed to create tangible economic change. That’s why members of the Campus Network are piloting the Rethinking Communities initiative. We recognize that democracy starts not in Washington but at home, in our own classrooms, our own cities, and our own communities.

There is no silver bullet or hero in this fight for economic justice. Not one public official, nor one economist, nor one President will solve our mess. A return to democratic principles and a deepening of participatory process is what it will take to uplift the working class.

Joelle Gamble is the National Director of the Roosevelt Institute | Campus Network.

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Daily Digest - October 9: Extreme Wealth Disparities Will Lead to Social Dysfunction

Oct 9, 2014Rachel Goldfarb

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Top 400 U.S. Billionaires' Wealth Equals Brazil's GDP (Real News Network)

Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest.

Top 400 U.S. Billionaires' Wealth Equals Brazil's GDP (Real News Network)

Roosevelt Institute Senior Fellow Rob Johnson comments on this data point from Forbes, noting that the social dysfunction caused by this kind of inequality isn't hitting the wealthy yet.

Pulling the Plug on Comcast's Merger (Bloomberg View)

Roosevelt Institute Fellow Susan Crawford explains why the Federal Communications Commission should block Comcast's proposed merger with Time Warner Cable.

Debt Scolds: Pay No Attention to the Falling Deficit! (NY Mag)

Jonathan Chait scolds those who treated the deficit like the end of the world; now, the deficit is falling, but their outlook took needed stimulus off the table back in 2009.

Fed Officials to Be Flexible on How They Raise Rates (WSJ)

Reporting on the Federal Reserve meeting notes from September, Jon Hilsenrath explains the Fed's decision to try new experimental tools when it's time to raise interest rates.

Obama Had Security Fears on JPMorgan Data Breach (NYT)

Michael Corkery, Jessica Silver-Greenberg, and David E. Sanger report on the administration's knowledge of a summer-long cyberattack on JPMorgan and other banks.

Post-recession Decline in Black Women’s Wages is Consistent with Occupational Downgrading (Working Economics)

Valerie Wilson says that unlike other groups, black women lost both mid-wage and high-wage jobs in the recession, which explains their decreased earnings.

New on Next New Deal

Obama Administration Defends Amazon’s Low Pay – Again

Roosevelt Institute Senior Fellow Richard Kirsch says the support of Amazon in Integrity Staffing Solutions v. Busk illustrates the continued influence of the donor class over workers.

The Federal Reserve Won't Save the Economy for All

Deepening participatory democracy will improve outcomes for the working class, writes Roosevelt Institute | Campus Network National Director Joelle Gamble.

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Daily Digest - October 8: Government Should Push Back on Bad Financial Deals

Oct 8, 2014Rachel Goldfarb

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City Hall’s Inaction on Interest-Rate Swaps Is Indefensible (Chicago Sun-Times)

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City Hall’s Inaction on Interest-Rate Swaps Is Indefensible (Chicago Sun-Times)

In a letter to the editor, Roosevelt Institute Fellow Saqib Bhatti points out what the Sun-Times missed in defending Mayor Emanuel's inaction to recover funds from these toxic deals.

Changing the Future of Sexual and Reproductive Rights (HuffPo)

In light of the Women and Girls Rising conference, Roosevelt Institute Fellow Andrea Flynn and Campus Network Lower Northeast Policy Coordinator Ariel Smilowitz examine the policy shifts needed in the U.S.

Eric Schneiderman is Still Seeking Justice for the Financial Crisis (WaPo)

Katrina vanden Heuvel, a member of the Roosevelt Institute's Board of Directors, praises New York's Attorney General for almost single-handedly keeping up the fight to hold Wall Street accountable.

Amazon Warehouse Workers Head To Supreme Court Over Unpaid Theft Screenings (HuffPo)

Dave Jamieson lays out the arguments in Integrity Staffing Solutions v. Busk, which broadly looks at whether employers can require nonessential tasks – like security screenings – off the clock.

The Great Wage Slowdown of the 21st Century (NYT)

David Leonhardt examines President Obama's optimistic take on why wage growth will finally start to pick up in the next few years. Leonhardt isn't quite sold.

John Boehner Just Admitted on Twitter That Republicans Have No Jobs Plan (TNR)

Danny Vinik says that while it's fun to joke about Boehner's empty tweet, the truth is that without a real jobs plan, Republicans have caused significant damage to the economy.

Tens of Thousands of Walmart Workers Are About to Lose Their Health Insurance — and It's Good News! (Vox)

Sarah Kliff explains that while Walmart's decision was almost certainly based on saving money, this gives part-time workers access to subsidies on the exchanges and cheap insurance.

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Daily Digest - October 7: How Wall Street Wins When Cities Are in Debt

Oct 7, 2014Rachel Goldfarb

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Is Wall Street Making a Killing Off Cities’ Debt? (Next City)

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Is Wall Street Making a Killing Off Cities’ Debt? (Next City)

In an illustrated essay, Susie Cagle shows how Wall Street profits off swap deals tied to cities' municipal bonds. Roosevelt Institute Fellow Saqib Bhatti explains pension obligation bonds.

Will the UN’s New Development Goals Downplay the Need for Gender Equality? (The Nation)

Barbara Crossette questions if reproductive rights will be given sufficient emphasis, drawing on the Roosevelt Institute's Women and Girls Rising Conference for female leaders' opinions.

Tax Cuts Uber Alles (Slate)

Jamelle Bouie explains why Paul Ryan needs a pretty unreliable mathematical model, known as dynamic scoring, to sell his proposed tax cuts as good for the economy.

Embrace the Irony (New Yorker)

Lawrence Lessig is attempting to destroy big money's influence in politics. All he needs, writes Evans Osnos, is for 50 billionaires to fund his SuperPAC.

Wages Should be Growing Faster, But They’re Not. Here’s Why. (WaPo)

Jared Bernstein suggests that raising wages is no longer part of American employers' model, and that wages won't increase until the labor market is much tighter.

SRC Cancels Teachers' Contract (Philadelphia Inquirer)

Kristen Graham and Martha Woodall report on the Philadelphia School Reform Commission's unexpected decision to unilaterally cancel the teachers' union contract.

New on Next New Deal

At NextGen IL Conference, Young People Set the Agenda for Their State

As attendees of the conference, the Campus Network's Midwestern Regional Team found themselves in a policy space where the goals and agenda were shaped entirely by their peers.

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Daily Digest - October 6: Despite New Rules, Corporations Still Seek Tax Loopholes

Oct 6, 2014Rachel Goldfarb

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Are Obama's New Corporate Tax Rules Working? (Melissa Harris-Perry)

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Are Obama's New Corporate Tax Rules Working? (Melissa Harris-Perry)

As guest host, Roosevelt Institute Fellow Dorian Warren moderates a discussion of corporations' attempts to dodge paying taxes through loopholes like inversion.

Unemployment is Finally Under 6 Percent, But Don’t Expect a Raise Anytime Soon (WaPo)

Matt O'Brien says that while the September jobs report was solid, continued "shadow unemployment" and low wage growth will keep the Fed from increasing interest rates just yet.

Facebook’s Bus Drivers Seek Union (NYT)

The drivers who shuttle Facebook employees to their Silicon Valley offices, unhappy with their low pay and difficult split shift schedule, are seeking to unionize through the Teamsters, writes Steven Greenhouse.

The U.S. Has a Jobs Crisis. Here's How to Fix It (The Guardian)

Heidi Moore speaks to four experts – two politicians and two economists – about the best ways to solve the jobs crisis. Common themes include immigration reform and a minimum wage hike.

Huh? Walmart Foundation Battles Hunger As Walmart Workers Turn to Food Stamps (Inside Philanthropy)

David Callahan critiques Walmart for its big charitable push to solve hunger when it has been widely documented that its own workers are relying on the social safety net to eat.

U.S. Restaurant Patrons Support Minimum Wage Hike (Reuters)

Lisa Baertlein contrasts the restaurant industry's lobbying against raising the minimum wage with a new survey that shows broad support for a higher wage among its customers.

New on Next New Deal

A Crisis Turned Catastrophe in Texas

Roosevelt Institute Fellow Andrea Flynn explains how the latest court decision on Texas's anti-abortion laws will bring Texas women's access to reproductive health care to the brink of disaster.

The Big Mistake in President Obama’s Economic Pivot: Overlooking the Grassroots

Roosevelt Institute | Campus Network National Director Joelle Gamble says the President would be better served by focusing on local rather than federal initiatives to improve the economy.

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The Big Mistake in President Obama’s Economic Pivot: Overlooking the Grassroots

Oct 3, 2014Joelle Gamble

The president spoke about federal legislation to promote economic opportunity, but real progress is happening at the local level.

Yesterday, President Obama traveled to Northwestern University to give a speech on the new American economy. The speech was touted as a major pivot, both rhetorical and political, from a heavily international focus to a domestic one.

The president spoke about federal legislation to promote economic opportunity, but real progress is happening at the local level.

Yesterday, President Obama traveled to Northwestern University to give a speech on the new American economy. The speech was touted as a major pivot, both rhetorical and political, from a heavily international focus to a domestic one.

Obama’s speech highlighted some of the successes of his administration, pointing to a lowered unemployment rate, a higher rate of insured individuals through Obamacare, and an increase in manufacturing jobs since the 2008 financial crisis. He also laid out some proposed investments the U.S. can make to build a new economy, ranging from clean energy to education to wages.

This isn’t a critique of the President’s speech per se. What he had to say is not wrong; the problem is that his vision of how economic progress happens, like the vision of many other national leaders, does not have enough depth.

For example, President Obama mentions that the U.S. must “measure our success by something more than our GDP, or a jobs report.”

That is very much the right idea if we want to get a clearer picture of middle class opportunity. We already know that wages and incomes for most Americans have stagnated and that our current economic recovery has not produced substantial changes for working families. But what does the policy response look like?

Obama outlined several key solutions: Raising the minimum wage, equalizing pay for women, investing in clean energy, and pursuing college affordability. If we had a functioning Congress, the President would be right on the money, and this would be a productive speech that politicians and advocates could use to push for new legislation. However, we lost that functioning Congress long ago.

So, other than relying on federal legislation, what can be done? We need to build economic prosperity for working Americans from the ground up and create a grassroots economy.

The president says he plans to continue to work with “governors, mayors, CEOs, and philanthropists.” This matters, as local actors are the ones building the new economic future. One can look to the Campus Network’s Rethinking Communities Initiative to see how anchor institutions (major employers that are rooted in a particular community) have the ability to shape positive economic outcomes for towns, neighborhoods, and cities across the country.

To cite another example, the president points to Dodd-Frank as an important milestone in improving the American economy post-recession. But that raises the question of how advocates can continue to build on financial reform in this current political climate. Here’s one way: Roosevelt Institute Fellow Saqib Bhatti provides a new model for improving municipal finance that connects to grassroots work in communities.

To achieve the President’s vision for economic stability for America’s middle and working class, we need to start from the bottom, not the top. Grassroots economic change is the new engine for widespread economic prosperity. And once our leaders in Washington recognize that, we might see a real pivot in our political conversation.

Joelle Gamble is the National Director of the Roosevelt Institute | Campus Network.

Photo: White House

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