Daily Digest - June 24: What We Talk About When We Talk About Poverty

Jun 24, 2014Rachel Goldfarb

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

21st Century Democrats: Konczal on GOP Misunderstanding Charity (America's Democrats.org)

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

21st Century Democrats: Konczal on GOP Misunderstanding Charity (America's Democrats.org)

Roosevelt Institute Fellow Mike Konczal discusses his article on "The Voluntarism Fantasy," the false idea that private charity could provide for the needs of the poorest Americans.

Get Sick, Get Fired: America's Low-Wage Workers Push Back (TAP)

Sharon Lerner says the fight over paid sick leave is characteristic of larger fights over the nature of democracy, and whether the desires of the common people are being accounted for.

Washington is Making Inequality Worse (MSNBC)

A new study suggests that growing political polarization and rising income inequality are linked. Timothy Noah emphasizes that polarization stems from the GOP moving to the right.

Massachusetts Nannies and Housekeepers Now Protected From Long Days, Abuse, Sexual Harassment (The Nation)

Michelle Chen speaks to some of the workers who will benefit from Massachusetts's new Domestic Workers Bill of Rights, which awaits the governor's signature.

Corporate Close-Up: Should CEO Compensation Determine Corporate Income Tax Rates? (Bloomberg BNA)

Melissa Fernley reports on a new model for corporate income taxes being considered in California, which would scale tax rates based on CEO-to-median worker compensation ratios.

States Undo Food Stamp Felon Bans (HuffPo)

California and Missouri are giving more ex-offenders access to food stamps, reports Arthur Delaney. He says this is an opportunity to reduce recidivism by helping people feed their families.

Mankiw, Piketty, and Wealth Taxes (On The Economy)

Jared Bernstein argues that economist Greg Mankiw fails to prove that allowing the wealthy to keep more of their wealth will be better for everyone else.

Share This

Daily Digest - June 20: The Upside to Government Data Collection

Jun 20, 2014Rachel Goldfarb

Click here to subscribe to Roosevelt First, our Monday through Friday morning email featuring the Daily Digest.

Chicago Is Your Big (Friendly) Brother (Bloomberg View)

Click here to subscribe to Roosevelt First, our Monday through Friday morning email featuring the Daily Digest.

Chicago Is Your Big (Friendly) Brother (Bloomberg View)

Roosevelt Institute Fellow Susan Crawford explains Chicago's new plan to collect and make public data that could improve local quality of life, like precise pollution levels.

Does He Pass the Test? (NYRB)

Timothy Geithner frames his memoir as a success story of avoiding another Great Depression, and Paul Krugman says that ignores the question of whether things could have been better.

Massachusetts Passes The Highest State Minimum Wage In The Country (ThinkProgress)

The Massachusetts legislature has passed a law raising the minimum wage to $11 an hour by 2017, and the governor is expected to sign the bill soon, Bryce Covert reports.

Detroit Pension Fund Urges 'Yes' Vote on Bankruptcy Plan (Reuters)

Karen Pierog writes that the police and firefighters' fund is urging members to approve this grand bargain, which reduces cost-of-living increases, for fear of larger cuts.

  • Roosevelt Take: Roosevelt Institute Senior Fellow Rob Johnson says that big money in politics encourages pension underfunding.

Awaiting the Supreme Court decision on Aereo (Marketplace)

Dan Gorenstein speaks to Susan Crawford, who says this case about TV broadcasting rights could have wide implications for cable television payment models.

Higher Taxes Do Not Kill Jobs (AJAM)

Job growth in 2013 was concentrated in places that raised taxes or already had high taxes. David Cay Johnston says this confirms that taxes aren't job killers.

New on Next New Deal

What the History of the World Wars Can Tell Us About the Deeper Struggles at Work in Iraq

Roosevelt Institute Senior Fellow David Woolner reflects on previous U.S. efforts to  spread democracy.

Share This

Daily Digest - June 18: Is High CEO Pay a Reward for Failure?

Jun 18, 2014Rachel Goldfarb

Click here to receive the Daily Digest via email.

Study: The Higher the Pay, the Worse the CEO (Vocativ)

Daniel Edward Rosen looks at a study from the University of Utah, which shows that companies that pay CEOs more than $20 million a year have average annual losses over $1 billion.

Click here to receive the Daily Digest via email.

Study: The Higher the Pay, the Worse the CEO (Vocativ)

Daniel Edward Rosen looks at a study from the University of Utah, which shows that companies that pay CEOs more than $20 million a year have average annual losses over $1 billion.

  • Roosevelt Take: Roosevelt Institute Fellow and Director of Research Susan Holmberg and Campus Network alumna Lydia Austin look at additional ways high CEO pay distorts the economy.

Chicago Aldermen Want a $15 Minimum Wage in Their City, Too (In These Times)

Progressives in Chicago are pushing their own minimum wage increase, reports Ethan Corey, and the popular measure would be implemented much more quickly than Seattle's.

  • Roosevelt Take: Roosevelt Institute President and CEO Felicia Wong says increasing the minimum wage is a powerful step to promote democracy.

A Small Increase in Inflation Squeezes U.S. Workers (NYT)

Neil Irwin reports that average wages have fallen 0.1 percent in the past year when inflation is taken into account, so while the economy may be improving, workers are still struggling.

The Big Freeze on Hiring (WaPo)

Companies are taking longer than ever to fill open jobs, and Catherine Rampell suspects their reluctance is due to continued uncertainty about the health of the economy.

Domestic Workers, Domestic Cargo (The Baffler)

Ned Resnikoff reviews Sheila Bapat's new book on domestic workers' rights and ties their struggle to other low-wage service jobs that are similarly disparaged as not "real jobs."

Critics Warn Starbucks Employees to Read the Fine Print of New Tuition Plan (ThinkProgress)

Alan Pyke speaks to education experts, who critique the Starbucks program for restricting tuition assistance to a single online university, with no options for in-person classes.

U.S. Reaches $968 Million Mortgage Settlement With SunTrust (WSJ)

Alan Zibel and Andrew R. Johnson report on SunTrust's settlement, the latest attempt to penalize banks for abusive mortgage practices. $500 million is reserved to help underwater homeowners.

Share This

Daily Digest - June 17: Obama's ENDA Executive Order Sends a Message

Jun 17, 2014Rachel Goldfarb

Click here to subscribe to Roosevelt First, our Monday through Friday morning email featuring the Daily Digest.

Obama Making Bold Move on ENDA Protections (MSNBC)

Steve Benen says the President's executive order protecting LBGT federal contractors could be an attempt to push Congress to act on broader anti-discrimination legislation.

Click here to subscribe to Roosevelt First, our Monday through Friday morning email featuring the Daily Digest.

Obama Making Bold Move on ENDA Protections (MSNBC)

Steve Benen says the President's executive order protecting LBGT federal contractors could be an attempt to push Congress to act on broader anti-discrimination legislation.

The Fed’s Unemployment Conundrum (WaPo)

Ylan Q. Mui notes that the Federal Reserve's decision to tie its stimulus program to unemployment is problematic because unemployment is falling faster than the economy is growing.

In San Jose, Higher Minimum Wage Pays Benefits (USA Today)

For minimum-wage workers in San Jose, the increase from $8 to $10 per hour meant small but meaningful changes, like being able to afford dental care, writes Paul Davidson.

After Piketty, the Ownership Revolution (AJAM)

Gar Alperovitz suggests that experimenting with broad, democratized ownership of capital could help counter the trend toward inequality highlighted by Thomas Piketty's Capital.

You Can Blame Student Debt for America's Inequality and Shrinking Middle Class (HuffPo)

Sean McElwee argues that while a college education may be a gateway to the middle class, high student debt holds back low- and middle-income students.

Three Fed Governors Sworn in Just in Time for Meeting (WSJ)

Pedro Da Costa reports on the swearing in of the newest members of the Federal Reserve Board, which is expected to continue to scale back the Fed's bond-buying program this week.

Miami Sues JPMorgan Alleging Mortgage Discrimination (Reuters)

The city's suit against JPMorgan claims that the bank not only issued higher-cost loans to minorities but also discriminated when determining refinancing terms, reports Dena Aubin.

Share This

Daily Digest - June 16: Oakland's Minimum Wage Workers Could Win in November

Jun 16, 2014Rachel Goldfarb

Click here to subscribe to Roosevelt First, our Monday through Friday morning email featuring the Daily Digest.

New Study Shows Who Wins if Oakland Hikes Minimum Wage (San Francisco Business Times)

Click here to subscribe to Roosevelt First, our Monday through Friday morning email featuring the Daily Digest.

New Study Shows Who Wins if Oakland Hikes Minimum Wage (San Francisco Business Times)

Eric Young reports on a study coauthored by Roosevelt Institute Fellow Annette Bernhardt, which shows 48,000 workers could benefit if Oakland approves a $12.25 minimum wage.

GOP Doesn’t Waste Time Blaming Obama for Iraq (Melissa Harris-Perry)

Roosevelt Institute Fellow Dorian Warren says Republicans are using current events in Iraq to attempt to shift responsibility for the war off of President Bush and onto Democrats.

A Civilized Critic of Savage Behavior - Robert Johnson on Reality Asserts Itself (Real News Network)

Roosevelt Institute Senior Fellow Robert Johnson explains how his critique of the financial sector developed as Wall Street's political power grew and risk was shifted onto the public.

The Many Pipelines That Pump Up Our Wealth (Truth-Out)

Citing William Lazonick's new Roosevelt Institute white paper and two other studies on corporate pay practices, Sam Pizzigati sees a need for serious policy shifts to fight inequality.

  • Roosevelt Take: Lazonick's paper focuses on stock buybacks, which inflate the value of CEOs' stock-based performance pay.

Bank Account Screening Tool Is Scrutinized as Excessive (NYT)

Jessica Silver-Greenberg and Michael Corkery report on the New York Attorney General's efforts to ensure that a private bank database does not improperly deny banking access.

Starbucks Will Pay Full College Tuition For Thousands Of Its Workers (Business Insider)

Many Starbucks employees will be eligible for full tuition coverage for online studies at Arizona State University, writes Rob Wile. For low-wage service jobs, that's a very rare perk.

Hell on Wheels (TNR)

David Dayen looks at how current workplace conditions incentivize truckers to bend the rules and drive through fatigue while the industry lobbies against any work-hour regulation.

Share This

Daily Digest - June 6: What It's Like to Make a Living

Jun 6, 2014Rachel Goldfarb

Click here to receive the Daily Digest via email.

What Happens When Low Wage Workers Suddenly Get a Living Wage? (Gothamist)

Christopher Robbins speaks to workers at a successful casino in Queens, New York, whose wages nearly doubled last October when they unionized.

Click here to receive the Daily Digest via email.

What Happens When Low Wage Workers Suddenly Get a Living Wage? (Gothamist)

Christopher Robbins speaks to workers at a successful casino in Queens, New York, whose wages nearly doubled last October when they unionized.

Stay-At-Home Dads On The Rise, And Many Of Them Are Poor (NPR)

A new study of stay-at-home dads reveals some bad news, writes Jennifer Ludden: more than half live in poverty, with many staying home due to illness, disability, or inability to find work.

What to Watch on Jobs Day: An All-Time High of an Indicator That is Almost Always Rising (Working Economics)

Heidi Shierholz warns that while today's jobs report will likely show total employment at an all-time high, that's actually a meaningless benchmark due to constant population growth.

How Seattle Passed the Highest Minimum Wage In America (Vice)

The fight for $15 an hour in Seattle combined a number of unusual factors, says Arun Gupta, so it's unclear if the same kind of effort will work elsewhere.

GOP’s Little-Noticed Unemployment Sham: The Quiet Death of Extended Benefits (Salon)

Simon Maloy argues that the House GOP's quiet obstruction of extended unemployment insurance has thwarted supporters and left the long-term unemployed worse off than ever.

Artisanal Union-Busting (In These Times)

Chris Lehmann looks at union organizing efforts at Whole Foods stores in Chicago, and the company's pushback against collective bargaining.

To Protect Service Members, Defense Department Plans Broad Ban on High-Cost Loans (ProPublica)

Because too many soldiers are targeted by high-cost lenders, the Department of Defense may ban all loans above 36 percent APR. Paul Kiel says it's not so simple to protect civilians.

Share This

Daily Digest - June 5: While Executive Pay Soars, Workers Feel the Squeeze

Jun 5, 2014Rachel Goldfarb

Click here to receive the Daily Digest via email.

CEO Performance Pay is Bad for Everyone Except CEOs (Next New Deal)

Roosevelt Institute Senior Fellow Richard Kirsch agrees with William Lazonick: rewarding workers and taxpayers for a firm's success would be better for the economy than soaring CEO pay.

Click here to receive the Daily Digest via email.

CEO Performance Pay is Bad for Everyone Except CEOs (Next New Deal)

Roosevelt Institute Senior Fellow Richard Kirsch agrees with William Lazonick: rewarding workers and taxpayers for a firm's success would be better for the economy than soaring CEO pay.

Walmart Slashed Tax Bill By Giving Top Execs Big Bonuses (Forbes)

A new report points out that Walmart cut its tax bill by $104 million through deductible CEO "performance pay," writes Kelly Phillips Erb. Closing that loophole would save taxpayers billions.

  • Roosevelt Take: Roosevelt Institute Fellow and Director of Research Sue Holmberg and Campus Network alumna Lydia Austin explain the need to close the performance pay loophole in their white paper.

Workers' Wages Sink as 'Domestic Outsourcing' Grows (NBC News)

Roosevelt Institute Fellow Annette Bernhardt tells Martha C. White that it's hard to quantify how many people have been forced out of direct employment to become contract workers, usually with lower wages.

Growth Has Been Good for Decades. So Why Hasn’t Poverty Declined? (NYT)

The number of hours low-income workers put in has increased in the last few decades, but their pay hasn't, writes Neil Irwin. Economic growth doesn't reduce poverty unless it lift wages too.

Finally a Chance for Facts to Decide (NYT)

Seattle's newly passed $15-per-hour minimum wage gives economists a chance to see what happens, says Arindrajit Dube, and use its real successes or failures to help rethink national policy.

Could Minimum Wage Help Save Senate for Dems? (WaPo)

Minimum wage ballot measures in battleground states could boost Democrats' turnout in 2014, says Greg Sargent, and Arkansas Democrats are fighting to put one such initiative before voters.

If You're Born Poor, You'll Probably Stay That Way (MoJo)

Stephanie Mencimer reports on the results of a 30-year study of poverty in Baltimore from Johns Hopkins, which found that family was the strongest determining factor of a low-income child's future.

Share This

Daily Digest - June 4: Will Fifteen Be the New Floor in Wage Fights?

Jun 4, 2014Rachel Goldfarb

Click here to receive the Daily Digest via email.

$15 Is the New $10.10 (U.S. News & World Report)

Paul K. Sonn argues a nationwide $15-per-hour minimum wage is both feasible and necessary in order to generate enough spending power to sustain the economy.

Click here to receive the Daily Digest via email.

$15 Is the New $10.10 (U.S. News & World Report)

Paul K. Sonn argues a nationwide $15-per-hour minimum wage is both feasible and necessary in order to generate enough spending power to sustain the economy.

Just How Big Are CEOs’ Packages? (In These Times)

Leo Gerard says the purpose of calculating the pay ratio between CEOs and median workers isn't to shame CEOs, but to emphasize the need to pay workers better.

Fed Officials Growing Wary of Market Complacency (WSJ)

Jon Hilsenrath says the Fed is growing concerned that calm markets will increase investors' tolerance for risk too much, and lead to further problems down the road.

What Drives Credit Card Debt? (TAP)

Credit card debt has almost nothing to do with household spending habits, writes Amy Traub. Lack of health insurance, education, and assets are far stronger indicators of high consumer debt.

How Privatizing Government Hollowed Out the Middle Class (MSNBC)

A new report on government contracting shows that the massive shift to privatization in the 1990s cut costs by turning middle-class jobs into low-wage jobs, writes Timothy Noah.

Toward a Progressive Tax Policy (Bloomberg View)

Peter Orszag considers two options for taxing wealth in the U.S. that he thinks are more viable than Piketty's global wealth tax: a progressive consumption tax and an inheritance tax.

  • Roosevelt Take: Roosevelt Institute Chief Economist Joseph Stiglitz will appear on Moyers & Company again this weekend to continue discussing his new white paper on reforming our tax code.

Republicans Are Claiming the New Climate Rules Will Wreck the Economy. They're Wrong. (MoJo)

Chris Mooney says the economic costs of new environmental rules are consistently overstated, when in fact studies show the benefits from these regulations far exceed the costs.

Share This

Daily Digest - June 3: The City of Goodwill and Good Wages

Jun 3, 2014Rachel Goldfarb

Click here to receive the Daily Digest via email.

Seattle Enacts $15 Minimum Wage, a Phased In Big Dream (Seattle Post-Intelligencer)

Joel Connelly reports on the city council's passage of the highest minimum wage in the country, and the conflicts that arose along the way.

Click here to receive the Daily Digest via email.

Seattle Enacts $15 Minimum Wage, a Phased In Big Dream (Seattle Post-Intelligencer)

Joel Connelly reports on the city council's passage of the highest minimum wage in the country, and the conflicts that arose along the way.

Colleges Are Buying Stuff They Can’t Afford and Making Students Pay For It (The Nation)

A new study from the University of California, Berkeley's Debt and Society Project ties universities' increased debt from capital projects to rising student debt, writes Michelle Chen.

Low Retail Wages Disproportionately Hurt Women (MSNBC)

A new Demos report highlights this industry-wide problem, which Ned Resnikoff connects to other industries with more women and very low wages, like food service and domestic workers.

50 Shades of Fed (WaPo)

Jim Tankersley reports on a gathering of economists who discussed whether the Federal Reserve is overstepping its bounds. He notes that they didn't talk much about unemployment.

Coca Cola Demonstrates CEO Pay Has Nothing to Do with Performance (AJAM)

The bonus packages at Coca Cola are so disproportionately large compared to the company's profits that they can't truly be "performance pay," says Dean Baker.

Los Angeles Sues Big Banks for Predatory Mortgages But Unlikely to Win (The Guardian)

The city is suing banks for discriminatory practices that targeted minority communities for subprime mortgages, reports David Dayen, but it won't compensate homeowners with any winnings.

New on Next New Deal

Working Families Party Endorsement of Cuomo Shows Progressive Political Power

Roosevelt Institute Senior Fellow Richard Kirsch argues that New York Governor Andrew Cuomo's agreement with the Working Families Party creates an opportunity for real progressive change.

Share This

Daily Digest - June 2: Building a Better Tax Code

Jun 2, 2014Rachel Goldfarb

Click here to receive the Daily Digest via email.

Joseph E. Stiglitz Calls for Fair Taxes for All (Moyers & Company)

Click here to receive the Daily Digest via email.

Joseph E. Stiglitz Calls for Fair Taxes for All (Moyers & Company)

Roosevelt Institute Chief Economist Joseph Stiglitz discusses his paper on overhauling the tax system to combat inequality and strengthen the U.S. economy.

Seven Key Takeaways From Joseph E. Stiglitz’s Tax Plan for Growth and Equality (Moyers & Company)

The Moyers team provides an overview of Stiglitz's plan for corporate tax reform, which would encourage domestic job creation, rein in the financial sector, and more.

How Local Governments Are Using Their Purchasing Power to End Sweatshop Labor (The Nation)

Michelle Chen looks at how cities can use "sweatfree" contract guidelines for purchases like police uniforms to push for fair labor standards around the world.

Stay-at-Home Parenting Is on the Rise Because Mothers Can’t Find Work (Pacific Standard)

When mothers can't find work that covers the cost of child care, they may be forced to stay at home rather than choosing for themselves, says Erin Hoekstra.

Opportunity's Knocks (WaPo)

Eli Salsow profiles Tereza Sedgwick as she studies to become a nursing aide, and looks at why the fastest-growing job in the country doesn't offer a clear route out of poverty.

New on Next New Deal

Summer Academy Fellows Come Together for the Fight Against Inequality

Roosevelt Institute | Campus Network Training Director Etana Jacobi explains how the Summer Academy program prepares students to engage in the biggest policy debates of the day.

Share This

Pages