Daily Digest - May 30: Fair Wages Take Another Step Forward in Seattle

May 30, 2014Rachel Goldfarb

Click here to receive the Daily Digest via email.

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.

Click here to receive the Daily Digest via email.

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.

  • Roosevelt Take: Roosevelt Institute Fellow Mike Konczal pointed out flaws in the Financial Times' criticism in two recent blog posts.

Share This

Daily Digest - May 29: Institutions like NYU Can Lead on Labor

May 29, 2014Rachel Goldfarb

Click here to receive the Daily Digest via email.

The Ugly Foundations of NYU Abu Dhabi (All In with Chris Hayes)

Roosevelt Institute Fellow Dorian Warren says institutions like NYU can control their supply chains and contractors and provide better labor conditions if they want to.

Click here to receive the Daily Digest via email.

The Ugly Foundations of NYU Abu Dhabi (All In with Chris Hayes)

Roosevelt Institute Fellow Dorian Warren says institutions like NYU can control their supply chains and contractors and provide better labor conditions if they want to.

Panel Discusses Improved Relationship Between Northwestern, Evanston (Daily Northwestern)

Julian Gerez reports on a panel hosted by the Roosevelt Institute | Campus Network's Northwestern University chapter, which discussed the school's impact on its community.

  • Roosevelt Take: Alan Smith, Associate Director of Networked Initiatives, explains how the Network is considering this question on a broad, cross-country scale.

Thomas Piketty’s Numbers Aren’t Wrong: The Financial Times’ Big Whiff Misstates His Central Argument (Salon)

Paul Rosenberg says Roosevelt Institute Fellow Mike Konczal pointed out the Financial Times' most fundamental mistake: Piketty argues that capital keeps growing, not wealth inequality.

Michigan Becomes Seventh State This Year to Raise Minimum Wage (WSJ)

Michigan is the first Republican-controlled state to approve a minimum wage increase this year, reports Eric Morath. The state's minimum wage will rise to $9.25 by 2018.

A Do-Nothing Congress? Well, Pretty Close (NYT)

The reduced number of bills proposed might be a sign of just how unpopular Congress has become, says Derek Willis, or of how difficult it is to pass anything.

Leaving Homeless Person On The Streets: $31,065. Giving Them Housing: $10,051. (ThinkProgress)

A new study in Florida shows the cost savings of housing the homeless, reports Scott Keyes. He calls allowing homelessness to continue fiscally irresponsible.

New on Next New Deal

Study: How City Fiber Networks Can Make High-Speed Internet a Community Resource

Roosevelt Institute Fellow Susan Crawford has co-authored a new paper that looks at community fiber networks in three cities as case studies for improving access.

Share This

Daily Digest - May 23: How to Pop a Housing Bubble Before It Starts

May 23, 2014Rachel Goldfarb

Click here to receive the Daily Digest via email.

There will not be a new Daily Digest on Monday, May 26, in observance of Memorial Day. The Daily Digest will return on Tuesday, May 27.

The Shared-Responsibility Mortgage Could Help Bubbleproof the Housing Market (Bloomberg Businessweek)

Click here to receive the Daily Digest via email.

There will not be a new Daily Digest on Monday, May 26, in observance of Memorial Day. The Daily Digest will return on Tuesday, May 27.

The Shared-Responsibility Mortgage Could Help Bubbleproof the Housing Market (Bloomberg Businessweek)

Peter Coy looks at Atif Mian and Amir Sufi's bold suggestion for a new, safer mortgage structure in House of Debt, which would tie the cost of loan repayment to local housing prices.

It Wasn't Household Debt That Caused the Great Recession (The Atlantic)

Heather Boushey praises House of Debt for bringing in hard data to prove that banks targeting poorer communities for bad mortgages led to the recession, not general household debt.

Cutting Off Emergency Unemployment Benefits Hasn’t Pushed People Back to Work (Five Thirty Eight)

Most unemployed workers who no longer receive benefits are still struggling to find jobs, writes Ben Casselman, and nearly a quarter have dropped out of the labor force entirely.

McDonald's CEO Insists Fast-Food Giant Pays 'Fair Wages' as Protesters Rally (The Guardian)

Dominic Rushe reports on McDonald's chief executive Don Thompson's statement as protests against the company's pay practices continued outside its annual shareholder meeting.

Paul Ryan Now Wants to Solve Poverty with 'Love' and 'Eye to Eye' Contact. Don't Let Him. (The Week)

Elizabeth Stoker argues that Ryan's tough-love strategy of cutting aid programs won't actually help the poor, and that a truly loving approach would maintain government's obligation to all citizens.

A Progressive Alternative to Obamacare (MSNBC)

Geoffrey Cawley reports on Vermont's plan to implement single-payer health care as soon as 2017. This would be a step beyond the Affordable Care Act, though there are logistical hurdles.

Financial Crisis, Over and Already Forgotten (NYT)

Attacks on the Financial Stability Oversight Council demonstrate how quickly Washington has forgotten the source of the Great Recession, says Floyd Norris.

  • Roosevelt Take: "An Unfinished Mission," a report from the Roosevelt Institute and Americans for Financial Reform, lays out suggestions for the next phase of fixing the financial sector.

Share This

Daily Digest - May 19: Workers Around the World Order Up Higher Pay

May 19, 2014Rachel Goldfarb

Click here to receive the Daily Digest via email.

Fight for Higher Wages Goes Global (Melissa Harris-Perry)

Guest host and Roosevelt Institute Fellow Dorian Warren discusses the evolution of the fast food workers movement as it spreads beyond American borders.

Click here to receive the Daily Digest via email.

Fight for Higher Wages Goes Global (Melissa Harris-Perry)

Guest host and Roosevelt Institute Fellow Dorian Warren discusses the evolution of the fast food workers movement as it spreads beyond American borders.

How to Win Millennials: Equality, Climate Change, and Gay Marriage (The Atlantic)

A new survey of Millennials shows a decidedly progressive voting bloc, says John Tierney, with broad support for government involvement on the issues that matter to them.

The Odds You’ll Join the Ranks of the Long-Term Unemployed (WaPo)

Matt O'Brien looks at data showing how closely long-term unemployment is tied to the business cycle. Losing a job at the right moment makes all the difference for finding a new one.

The Deep Roots of Skilled Labor Shortages: Anti-Union, Anti-Worker Corporations (Working Economics)

The solution to shortages of skilled construction labor in Texas isn't training, writes Ross Eisenbrey. It's paying the higher wages skilled workers deserve, and welcoming unions.

The Republican War on Workers’ Rights (NYT)

Corey Robin examines the spread of state laws that harm workers since the 2010 midterms, from banning municipal sick leave guarantees to easing child labor restrictions.

Retailers Make More by Paying Their Workers Better, Researcher Says (Pittsburgh Post-Gazette)

Ann Besler writes about new research proving that cutting labor budgets in retail leads to lower sales. Stores then cut labor even more, creating a vicious cycle of low profits.

Share This

Daily Digest - May 16: American Dreamers Wake Up to Inequality

May 16, 2014Rachel Goldfarb

Click here to receive the Daily Digest via email.

It’s Now the Canadian Dream (NYT)

Nicholas Kristof quotes Roosevelt Institute Senior Fellow and Chief Economist Joseph Stiglitz on how inequality of opportunity has diminished the American Dream.

Click here to receive the Daily Digest via email.

It’s Now the Canadian Dream (NYT)

Nicholas Kristof quotes Roosevelt Institute Senior Fellow and Chief Economist Joseph Stiglitz on how inequality of opportunity has diminished the American Dream.

  • Roosevelt Take: Stiglitz spoke to the Senate Budget Committee about growing inequality of income and opportunity in the U.S., and how policy can push back.

Harry Reid Backs Campaign Spending Amendment (Politico)

The Senate Majority Leader has backed a constitutional amendment that would overturn Citizens United and McCutcheon, writes Burgess Everett, though it's unlikely to pass.

  • Roosevelt Take: Roosevelt Institute Senior Fellow Richard Kirsch calls for political organizing to protect democracy in the wake of McCutcheon.

Biggest Fast Food Strike Ever Attracts Global Support (MSNBC)

Ned Resnikoff reports on the expansion of the fast food strikes that began a year and a half ago in New York City. Yesterday brought strikes in 150 U.S. cities and 33 other countries.

Fast Food, Slow Movement (TAP)

Paul Waldman says the slow growth of the fast food movement could be to its advantage when it comes to developing demands, strategies, and leadership.

Another Conservative Governor Finds a Way to Expand Medicaid (WaPo)

Expanding Medicaid without provoking GOP opposition, as Indiana's governor is attempting to do, could be key to closing the coverage gap, writes Jason Millman.

New on Next New Deal

In Georgia, Lawmakers Taking Pride in Policies That Hurt the Poor

Roosevelt Institute Fellow Andrea Flynn explains why Georgia's active efforts to undermine the Affordable Care Act are making things worse in a state with an already high poverty rate.

Share This

Daily Digest - May 15: The Politics of Embracing Piketty

May 15, 2014Rachel Goldfarb

Click here to receive the Daily Digest via email.

Why Democrats Are Paying Attention to Piketty's Book on Inequality (Real News Network)

Roosevelt Institute Senior Fellow Tom Ferguson suggests Democrats are using Capital in the 21st Century to strengthen their inequality narrative for the midterm elections.

Click here to receive the Daily Digest via email.

Why Democrats Are Paying Attention to Piketty's Book on Inequality (Real News Network)

Roosevelt Institute Senior Fellow Tom Ferguson suggests Democrats are using Capital in the 21st Century to strengthen their inequality narrative for the midterm elections.

  • Roosevelt Take: Roosevelt Institute President and CEO Felicia Wong says that Piketty and his peers are defining today's debate and opening new opportunities to push back on inequality.

Fast-Food Protests Spread Overseas (NYT)

Steven Greenhouse reports on today's fast food strikes in 150 U.S. cities, the largest yet, and why the organizers are working to build support and influence abroad as well.

The Merits of Participatory Budgeting (AJAM)

Bringing citizens into the decision-making process for local spending empowers them, says Hollie Russon Gilman, and builds their connection to politics more generally.

Paul Ryan's Approach To Poverty Is Straight Out Of The 19th Century (HuffPo)

Arthur Delaney looks at the anti-handout models of fighting poverty from the 1800s, which don't make sense given modern data, and finds strong similarities to Rep. Ryan's views.

The Neediest Americans Are Getting The Least Government Assistance (ThinkProgress)

Bryce Covert looks at forthcoming research that shows that since 1975, social safety net spending has shifted away from the poorest Americans to those who are more well off.

New on Next New Deal

Places for Hope in the Fight to Protect Women's Health and Rights

To push back against the constant barrage of bad news, Roosevelt Institute Fellow Andrea Flynn shines a light on states that are taking proactive, positive steps on women's health.

Share This

Daily Digest - May 14: A Victory for Workers in Vermont

May 14, 2014Rachel Goldfarb

Click here to receive the Daily Digest via email.

Vermont to Set Highest State Minimum Wage in the U.S. (MSNBC)

Ned Resnikoff reports that the Vermont legislature has voted to raise the state's minimum wage to $10.50 an hour, and the governor is expected to sign the bill soon.

Click here to receive the Daily Digest via email.

Vermont to Set Highest State Minimum Wage in the U.S. (MSNBC)

Ned Resnikoff reports that the Vermont legislature has voted to raise the state's minimum wage to $10.50 an hour, and the governor is expected to sign the bill soon.

I Like Jane Austen's Novels, But I Certainly Don't Want to Live Like That (HuffPo)

Heather Boushey writes that Thomas Piketty's prognosis for the economy is of particular concern for women, because if success depends on inheritance, gender equity will suffer.

Fannie-Freddie Overseer Easing Loan Buybacks (Bloomberg News)

Melvin L. Watt, head of the Federal Housing Authority, has announced new rules intended to stimulate the housing market by encouraging lending, reports Clea Benson.

SEC Peeks Under Private Equity Rug, Finds 'Remarkable' Corruption (LA Times)

Corruption in private equity firms isn't just a problem for the very rich, says Michael Hiltzik, since pension funds are among private equity's big clients.

Rebellious Economics Students Have a Point (New Yorker)

John Cassidy writes that the lack of real-world perspective in today's economics classrooms is a problem. He's particularly interested in bringing back economic history and organization.

Tim Geithner and the Paradox Behind the Government’s Crisis Response (WaPo)

In his review of the former Treasury Secretary's new book, Zachary Goldfarb considers the difficult balance between winning over public opinion and saving collapsing systems.

New on Next New Deal

Why Are Courts Allowing Redefinitions of Emergency Contraception?

Roosevelt Institute Fellow Andrea Flynn decries the misinformation about emergency contraception that's being accepted as fact in court cases over the contraception mandate.

Share This

Daily Digest - May 13: When Conservatism Becomes a Health Hazard

May 13, 2014

Click here to receive the Daily Digest via email.

How the Right Wing is Killing Women (Robert Reich)

Robert Reich uses Roosevelt Institute Senior Fellow Ellen Chelser and Fellow Andrea Flynn's paper on poverty and family planning to explain how conservative policy is increasing maternal mortality.

Click here to receive the Daily Digest via email.

How the Right Wing is Killing Women (Robert Reich)

Robert Reich uses Roosevelt Institute Senior Fellow Ellen Chelser and Fellow Andrea Flynn's paper on poverty and family planning to explain how conservative policy is increasing maternal mortality.

  • Roosevelt Take: Andrea Flynn also writes about The Lancet's findings on rising maternal mortality in a series for National Women's Health Week.

The SEC Has Revealed Astounding Corruption in Private Equity (TNR)

Roosevelt Institute Fellow Mike Konczal cites the Securities and Exchange Commission's investigations into private equity firms as an example of effective public regulation.

Airport Workers Press to Join a Union (WSJ)

Laura Kusito reports that workers at New York City airports have voted, via card check, to join a union as part of their ongoing fight for better wages and benefits.

The Minimum Wage Loophole That's Screwing Over Waiters and Waitresses (MoJo)

While the law requires that employers make up the difference if servers don't earn minimum wage though tips, Dana Liebelson reports that wage theft is common.

Tenures Becoming Shorter at a Short-Handed Fed (NYT)

Binyamin Appelbaum speculates that faster turnover at the Federal Reserve is due to changing demographics and expectations, more lucrative outside opportunities, and increased burnout.

The Problem with Thomas Piketty: “Capital” Destroys Right-Wing Lies, but There’s One Solution it Forgets (Salon)

Labor organizing is key to fighting inequality, says Thomas Frank, and while it's not a perfect solution to plutocracy, it's easier to implement than a global wealth tax.

New on Next New Deal

To Stop Campus Sexual Assault, We Should Study the Men Responsible

Roosevelt Institute Fellow Andrea Flynn and Women Rising Program Manager Nataya Friedan suggest that researching the perpetrators will provide guidance for how to reduce sexual violence.

Negotiating With Iran Should be the United States’ Foreign Policy Priority

Roosevelt Institute | Campus Network Senior Fellow for Defense and Diplomacy Jacqueline van de Velde argues that to maintain influence in the Middle East, the U.S. needs to open diplomatic relations with Iran.

Share This

Daily Digest - May 8: More Questions Than Answers for the Federal Reserve

May 8, 2014Rachel Goldfarb

Click here to receive the Daily Digest via email.

Bernie Sanders Asks Fed Chair Whether the US Is an Oligarchy (The Nation)

John Nichols says Yellen did not directly answer the senator's question, but she expressed concerns about growing inequality and how it shapes participation in democracy.

Click here to receive the Daily Digest via email.

Bernie Sanders Asks Fed Chair Whether the US Is an Oligarchy (The Nation)

John Nichols says Yellen did not directly answer the senator's question, but she expressed concerns about growing inequality and how it shapes participation in democracy.

Yellen Won’t Be Pinned Down on Plans (NYT)

During her testimony to Congress yesterday, the Federal Reserve chair avoided giving specific timetables for Fed policy even when pressed, reports Binyamin Appelbaum.

  • Roosevelt Take: Before she became Fed chair, Roosevelt Institute Fellow Mike Konczal praised Yellen for her work leading the way on monetary policy.

Seattle's $15 Minimum Wage Agreement: Collective Bargaining Reborn? (TAP)

Harold Meyerson suggests that the Seattle minimum wage plan could create a new model for collective bargaining outside of unions that still involves businesses and labor groups.

Largest Fast Food Strike Yet Will Include Rallies on 6 Continents (MSNBC)

The fast food workers movement continues to grow, reports Ned Resnikoff, with strikes planned on May 15 in 150 cities nationally and solidarity rallies planned abroad.

  • Roosevelt Take: Harmony Goldberg, the Program Manager for the Roosevelt Institute's Future of Work Initiative, looks at another major issue facing fast food workers: wage theft.

Welfare Photos Shame Shoppers as States Target Abuses (Bloomberg)

Mark Niquette writes that photos on benefit cards may be meant to stop fraud, but they're increasing costs and potentially dissuading people from getting the benefits they need.

Lies, Lives and Obamacare Statistics (U.S. News & World Report)

The simple fact that the GOP ignores about Obamacare is that access to health insurance actually saves lives, says Pat Garofalo. That fact makes repeal hard to swallow.

Even Millionaires Think The Rich Should Pay Higher Taxes (HuffPo)

Robert Frank reports on a CNBC survey of millionaires, which shows that they agree that inequality is a problem, though their proposed solutions split along party lines.

Share This

The Minimum Wage Index: Why the GOP's Filibuster Will Hurt Workers

May 2, 2014Richard Kirsch

Opponents of a higher minimum wage claim it would have a negative impact on the economy and workers. The numbers tell a different story.

Opponents of a higher minimum wage claim it would have a negative impact on the economy and workers. The numbers tell a different story.

This week, a minority of United States senators blocked a bill to raise the federal minimum wage to $10.10 per hour from coming to a vote, overruling the 54 senators who supported the bill. If the bill had passed, it would have been only the fourth time the minimum wage was raised in the last 30 years. The Republicans who led this filibuster effort will claim a higher minimum wage would hurt the economy, but don’t let them fool you: American workers are the ones left hurting as a result of their actions. Here are the real dollars and cents of the minimum wage debate.

$7.25: The current federal minimum wage, established in 2007.

725%: The increase in CEO compensation from 1978 to 2011.

$10.86: How much the federal minimum wage would be if it had kept up with inflation over the past 40 years.

$21.72: How much the federal minimum wage would be if it had kept up with productivity since 1968.

$16.62: The hourly wage needed to meet the basic needs of an average person.

$32.19: The hourly wage needed to meet the basic needs of one adult with two children in Philadelphia.

$2.13: The federal minimum wage for tipped employees, established in 1991.

$5,915,186: Average net worth of U.S. Senators who blocked a vote on the minimum wage. 

Richard Kirsch is a Senior Fellow at the Roosevelt Institute, a Senior Adviser to USAction, and the author of Fighting for Our Health. He was National Campaign Manager of Health Care for America Now during the legislative battle to pass reform.

Image via Thinkstock

Share This

Pages