Daily Digest - August 5: Basic Needs Shouldn't Need to Be Bought

Aug 5, 2014Rachel Goldfarb

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The Real Solution to Wealth Inequality (The Nation)

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The Real Solution to Wealth Inequality (The Nation)

Roosevelt Institute Fellow Mike Konczal and Bryce Covert write that instead of trying to increase individuals' purchasing power, basic needs should just be taken off the market altogether.

Why Is the Economy Still Weak? Blame These Five Sectors (NYT)

Neil Irwin examines the possible causes for the underperformance of several economic sectors based on careful predictions of what their output ought to be in a healthier economy.

The NLRB-McDonald's Ruling Could be the Beginning of a Franchise War (LA Times)

Michael Hiltzik suggests that as the National Labor Relations Board places more responsibility on franchisors like McDonald's, those companies will try to pass costs to their franchisees.

A University President Gave up $90,000 to Give His Minimum Wage Workers a Raise (Vox)

By reducing his own salary, the interim president of Kentucky State University has ensured a raise from $7.25 an hour to $10.25 an hour for the school's lowest-paid workers.

As Congress Adjourns, GOP Declares “Omission Accomplished” (OurFuture.org)

Congress left for summer recess with the GOP having blocked almost everything from passing, but Richard Eskow also calls out the Democrats for failing to give them more progressive proposals to block.

The United States Needs Corporate 'Loyalty Oaths' (The Daily Beast)

"Non-desertion agreements" as requirements for federal contractors would help to ensure companies choose to pay U.S. corporate taxes, writes Jonathan Alter.

New on Next New Deal

Will Syracuse Become New York's Second Economic Capital?

In her video speculation for the Next American Economy project, Amy Liu, Co-Director of the Metropolitan Policy Program at Brookings, predicts cities will step up as drivers of innovation and investment.

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Amy Liu: Will Syracuse Become New York's Second Economic Capital?

Aug 5, 2014

The Next American Economy project brought together 30 experts from various disciplines to envision tomorrow's economic and political challenges and develop today's solutions. Their assignment: be bold, and leave the conventional wisdom -- and their own opinions -- behind. In today's video, Brookings senior fellow Amy Liu posits that municipal goverments will take the lead on innovation and investment.

The Next American Economy project brought together 30 experts from various disciplines to envision tomorrow's economic and political challenges and develop today's solutions. Their assignment: be bold, and leave the conventional wisdom -- and their own opinions -- behind. In today's video, Brookings senior fellow Amy Liu posits that municipal goverments will take the lead on innovation and investment.

By 2040, as predicted, the federal government will be largely incapable of funding effective or innovative policies, speculates Amy Liu, Co-Director of the Metropolitan Policy Program at Brookings. Metropolitan areas will pick up the slack. They will reverse the race-to-the-bottom policies that aimed to offer companies the least explensive place to do business, and will instead focus on providing business with productive employees and critical infrastructure. The biggest problem could be a potential divergence in the success of metropolitan areas and expanding geographic inequality.

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Daily Digest - August 4: The Underappreciated Success of Financial Reform

Aug 4, 2014Rachel Goldfarb

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Obama’s Other Success (NYT)

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Obama’s Other Success (NYT)

Dodd-Frank financial reform is proving more successful than expected, writes Paul Krugman. He cites Roosevelt Institute Fellow Mike Konczal in debunking the claim that the law created permanent bailouts.

The NFL Cheerleaders Should Be Your Fair-Pay Heroes (TNR)

Bryce Covert looks at what's needed to achieve wage growth in today's economy. She talks to Mike Konczal, who suggests that the Fed could help everyone's wages if it focused on unemployment.

Economy Adds 209,000 Jobs in July; Unemployment Rate Edges Up to 6.2 Percent (WaPo)

Ylan Q. Mui breaks down Friday's jobs report, which was generally positive but showed that underemployment (part-timers who want more hours) and long-term unemployment haven't budged.

Relying on Online Listings, Young Americans Struggle to Find Jobs (The Guardian)

Today's system of online job applications isn't making the search any easier, writes Jana Kasperkevic, as job-seekers find that their applications seem to disappear into black holes.

Work and Worth (Robert Reich)

Robert Reich emphasizes the difference between pay and value to society, given that kindergarten teachers and social workers make far less than hedge fund managers.

New on Next New Deal

The Worker-Owned Small Business Revolution

In his video speculation for the Next American Economy project, Gar Alperovitz predicts that as MBAs realize that worker-owned companies achieve higher productivity, the model will grow.

Thinking About the Women in Think Tanks

Bringing more women into the upper echelons of policy work will require engaging younger women in this work, writes Roosevelt Institute Summer Academy Fellow Hannah Zhang.

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Gar Alperovitz: The Worker-Owned Small Business Revolution

Aug 4, 2014

The Next American Economy project brought together 30 experts from various disciplines to envision tomorrow's economic and political challenges and develop today's solutions. Their assignment: be bold, and leave the conventional wisdom -- and their own opinions -- behind. In today's video, political economist Gar Alperovitz speculates on what could happen if workers claim power over small businesses.

The Next American Economy project brought together 30 experts from various disciplines to envision tomorrow's economic and political challenges and develop today's solutions. Their assignment: be bold, and leave the conventional wisdom -- and their own opinions -- behind. In today's video, political economist Gar Alperovitz speculates on what could happen if workers claim power over small businesses.

Gar Alperovitz, Professor of Political Economy at the University of Maryland, describes the potential for a future economic revolution: starting in Cleveland, small businesses will democratize ownership. From there, the model will spread to cities across the country. As MBAs begin to understand that productivity in worker-owned companies is higher than in traditional firms, the movement will continue to grow.

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Daily Digest - August 1: Too Big to Fail vs. Too Small to Matter

Aug 1, 2014

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An In-Depth Look at Campaign Finance Reform (MSNBC)

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An In-Depth Look at Campaign Finance Reform (MSNBC)

In this extended online segment, Roosevelt Institute Fellow Dorian Warren speaks with Zephyr Teachout about using multiple matching funds as a tool to increase the power of small donors.

Playing the ‘Who’s the Boss?’ Game with Employees (WaPo)

The National Labor Relations Board ruling that McDonald's can be held accountable for franchise labor violations sheds light on the ways employers try to dodge responsibility, writes Catherine Rampell.

  • Roosevelt Take: Roosevelt Institute President and CEO Felicia Wong and Senior Fellow Richard Kirsch commented on the NLRB decision earlier this week.

‘Pension Smoothing’: The Gimmick Both Parties in Congress Love (NYT)

Josh Barro says pension smoothing, which increases revenues by allowing smaller pension contributions, and other gimmicks provide funding on too-short timelines, requiring another hunt for funds soon after.

Feds Say Big Banks Are Still Too Big to Fail (MoJo)

Despite Dodd-Frank's financial regulations, a new Government Accountability Office report says investors still expect bailouts if the largest banks fail, giving those banks advantages over smaller ones, writes Erika Eichelberger.

Hope Springs Eternal, But The Data Is Actually Pretty Mixed About Whether Or Not Recovery Is Accelerating (Working Economics)

Josh Bivens cautions against excitement about GDP and job growth as signs of a speedier recovery. The data isn't actually that strong, and he sees the potential for job growth to slow.

New on Next New Deal

Let's Hope the GAO Report Ends the Too-Big-to-Fail Subsidy Distraction

Roosevelt Institute Fellow Mike Konczal writes that the existence of a too-big-to-fail subsidy isn't as important or potentially destructive as the systemic problems of the financial system.

Education Left Behind

Edyta Obrzut, the Campus Network's NextGen Illinois Research Fellow, examines the challenges facing education policy in Illinois today, and the potential solutions put forward by NextGen caucuses.

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Daily Digest - July 31: The IRS Can't Follow the Money When It Has None of Its Own

Jul 31, 2014

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IRS Failing to Regulate Dark-Money Political Spending (Real News Network)

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IRS Failing to Regulate Dark-Money Political Spending (Real News Network)

Roosevelt Institute Senior Fellow Thomas Ferguson explains how reduced funding for the IRS is preventing the agency from properly determining what groups need to report political spending.

3 Reasons Subsidized Jobs Should Be Part of an Economic Mobility Agenda (CAP)

Rachel West says that subsidized job programs are effective at bringing people who have been left out into the labor force, even in non-recessionary times.

It’s a Reasonable Goal: Wages That Pay the Bills (Boston Globe)

Steven Syre questions why public support is so much higher for groups fighting to maintain their hard-won living wages than it is for fast food workers seeking the same level of stability.

Obama Plans New Scrutiny for Contractors on Labor Practices (NYT)

A new executive order will require federal contractors to disclose any labor violations from the past three years, and give preference to cleaner records, report Steven Greenhouse and Michael D. Shear.

Why the House of Representatives Just Voted to Sue President Obama (Vox)

Neither legislative body has ever sued the President for failing to enforce the law, explains Andrew Prokop, so this has broad implications for who controls how policy is implemented.

New on Next New Deal

Leadership Wanted: The College Access Crisis Needs You, Mayor de Blasio

Kevin Stump, Leadership Director for the Roosevelt Institute | Campus Network, says that Mayor de Blasio must invest in programs that increase college access alongside those that help at-risk students.

In the Artisanal Economy, Work Is What You Make of It

In his speculation for the Next American Economy project, Harvard economics professor Lawrence Katz suggests that an economy of craftsmanship could create higher wages out of low-end work.

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Lawrence Katz: In the Artisanal Economy, Work Is What You Make of It

Jul 31, 2014

The Next American Economy project brought together 30 experts from various disciplines to envision tomorrow's economic and political challenges and develop today's solutions. Their assignment: be bold, and leave the conventional wisdom -- and their own opinions -- behind. In today's video, Lawrence Katz imagines a future "artisanal economy" in which crafty workers carve out their own niches.

The Next American Economy project brought together 30 experts from various disciplines to envision tomorrow's economic and political challenges and develop today's solutions. Their assignment: be bold, and leave the conventional wisdom -- and their own opinions -- behind. In today's video, Lawrence Katz imagines a future "artisanal economy" in which crafty workers carve out their own niches.

Lawrence Katz, the Harvard economics professor known for his book The Race Between Education and Technology, speculates on the flourishing of an artisanal economy. He imagines a potential rebirth of craftsmanship in which education and training allow workers to transform low-wage work into high-paid business. 

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Daily Digest - July 30: Technology Builds Community, But Will It Limit Prosperity?

Jul 30, 2014Rachel Goldfarb

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Civic Tech and Engagement: How City Halls Can Help Construct Stronger Neighborhoods (Tech President)

Roosevelt Institute Fellow Susan Crawford says that local governments demonstrating responsiveness through technology can improve public trust.

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Civic Tech and Engagement: How City Halls Can Help Construct Stronger Neighborhoods (Tech President)

Roosevelt Institute Fellow Susan Crawford says that local governments demonstrating responsiveness through technology can improve public trust.

Health Insurers Press to Exempt Millions From ACA (The Hill)

Roosevelt Institute Senior Fellow Richard Kirsch explains the latest push by insurance companies to lower their own costs by limiting the consumer protections of the Affordable Care Act.

Financial Market Oversight, Economic Recoveries, and Full Employment: Some Crucial Linkages (On The Economy)

Jared Bernstein says that implementing Dodd-Frank is essential to achieve full employment. For how to deal with financial oversight, he recommends turning to Roosevelt Institute Fellow Mike Konczal.

Sympathy for the Overdog (Slate)

The employees of Market Basket, a Northeast grocery chain, are protesting their CEO's ousting. Luke O'Neil reports that they credit him with their fair wages and benefits, and fear a backslide.

New on Next New Deal

Roosevelt Reacts: NLRB Holds McDonald's Accountable for Labor Violations

Roosevelt Institute President and CEO Felicia Wong and Senior Fellow Richard Kirsch praise yesterday's National Labor Relations Board ruling for its common-sense support for workers.

Through Innovation, People Will Live Longer and Earn Less

In his video speculation for the Next American Economy initiative, MIT professor Frank Levy predicts the rise of an anti-technology movement as the economy stays stagnant.

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Daily Digest - July 29: Companies Look to Turn Off the Tap on Free Water

Jul 29, 2014Rachel Goldfarb

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Companies Proclaim Water the Next Oil in a Rush to Turn Resources into Profit (The Guardian)

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Companies Proclaim Water the Next Oil in a Rush to Turn Resources into Profit (The Guardian)

As the CEO of Nestle publicly declares that any water beyond survival needs should be paid for, Suzanne McGee considers the potential horror story of commodifying water.

Paid Leave Encourages Female Employees to Stay (NYT)

Federally mandated paid maternity leave could be one of the most powerful tools to reverse the decline of women's participation in the U.S. labor force, says Claire Cain Miller.

One More Clue that the Obamacare Lawsuits Are Wrong (TNR)

In light of current legal fights over health care exchange subsidies, Jonathan Cohn looks back to a 2010 e-mail from an influential House staffer for proof of Congress's intentions.

History Suggests Ryan Block Grant Would Be Susceptible to Cuts (Off the Charts)

Richard Kogan points out the vulnerability of block grants, which have less obvious impacts than individual programs. Of 11 major anti-poverty block grants, nine have faced cuts since 2001.

A Bill to Get the Labor Movement Back on Offense (The Nation)

George Zornick reports on a proposal by House Democrats that would make labor organizing a civil right and allow workers to take their complaints outside the National Labor Relations Board.

Fast Food Convention Portends Escalation in Strikes (MSNBC)

Ned Resnikoff writes that workers at this weekend's fast food convention pushed for more radical tactics as well as cross-movement collaboration with groups like Moral Mondays in North Carolina.

New on Next New Deal

After the End of the Innovation Era

Rob Atkinson, president of the Information Technology and Innovation Foundation, envisions a future of slowed technological growth in his speculation for the Next American Economy project.

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Rob Atkinson: After the End of the Innovation Era

Jul 29, 2014

The Next American Economy project brought together 30 experts from various disciplines to envision tomorrow's economic and political challenges and develop today's solutions. Their assignment: be bold, and leave the conventional wisdom -- and their own opinions -- behind. In today's video, Rob Atkinson speculates that concerns about technological unemployment are misplaced, and that the real challenge will be continued innovation.

The Next American Economy project brought together 30 experts from various disciplines to envision tomorrow's economic and political challenges and develop today's solutions. Their assignment: be bold, and leave the conventional wisdom -- and their own opinions -- behind. In today's video, Rob Atkinson speculates that concerns about technological unemployment are misplaced, and that the real challenge will be continued innovation.

Rob Atkinson, president of the Information Technology and Innovation Foundation, forecasts the end of exponential technological growth. The end of Moore's law and decline in R&D investment (due to reduced government spending and increased short-termism in the private sector) will lead to a reduction in innovation and a lag in productivity, Atkinson says.

For more, see "Are Robots Taking Our Jobs, or Making Them?" by Atkinson and Ben Miller.

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