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By Rachel Goldfarb, originally published on Next New Deal

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The Real Lost Generation (Harper's)

Roosevelt Institute Senior Fellow and Director of the Bernard L. Schwartz Rediscovering Government Initiative Jeff Madrick considers the youth employment crisis. This problem has a ripple effect on the whole economy, but Washington isn't talking about it at all.

Rep. Sandy Levin on Why Congress Should Talk to More Unemployed Workers (WaPo)

Brad Plumer speaks to the Representative about the looming deadline to continue funding for extended unemployment benefits. The benefits wouldn't be phased out this time - it would be an immediate cut off at the end of the year.

San Francisco Workers Can Now Request Flexible Work Schedules—But Not Predictable Ones (RH Reality Check)

Sheila Bapat says that while San Francisco is still ahead of the curve on progressive work policy, it missed something important in a recent new ordinance. Guaranteeing flexible schedules is great, but many workers really need predictable schedules week-to-week.

Poor, with Savings (TAP)

Monica Potts writes about an innovative program in New York City that is helping the poor to save money. Most tax incentives for saving target middle- and upper-income families, but tax deferrals on 401(k)s don't do much for families struggling to get by.

Micro-Apartments: More Trouble Than They’re Worth? (Remapping Debate)

David Noriega considers how micro-apartments being built in New York City fit into housing policy as a whole. He suggests that these tiny studios are unlikely to serve as a real solution to the lack of affordable housing.

JP Morgan's $13bn Settlement – the Record-Setting Penalty Explained (The Guardian)

Heidi Moore explains the details of the JPMorgan Chase settlement with the Justice Department for its part in the mortgage crisis. About $4 billion of that settlement is going to help homeowners - but it will be hard to measure the impact of that money.

New on Next New Deal

Do Negative Rates Call For a Permanent Expansion of the Government?

Roosevelt Institute Fellow Mike Konczal writes about an exchange between Ben Bernanke and Larry Summers at an International Monetary Fund event last week. Summers admitted that there may be a need for more permanent government stimulus.

Originally posted to Daily Kos Economics on Wed Nov 20, 2013 at 07:24 AM PST.

Also republished by Daily Kos.

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Comment Preferences

  •  I believe the answer is, 'because Obamacare.' (1+ / 0-)
    Recommended by:
    Aunt Pat

    That seems to be the only action being taken by Repugs is trying to destroy healthcare access for those who don't have it.

    "The plan is to allow those things that had been proposed over many years to reform a health-care system in America that certainly does need more help..." ~Sarah Palin

    by MsGrin on Wed Nov 20, 2013 at 07:49:18 AM PST

  •  Because youth is a period when people are (0+ / 0-)

    supposed to be learning skills and educating themselves for their adult roles.
    When the average life span was 37 years, it made sense for parents to expect some work out of their children to compensate for the effort they put into rearing them and to prepare them to take over the familial enterprise.
    However, now that people love longer and youth are trained in skills that are of no use to their parents, it makes sense for the community as a whole to provide support to the elderly.
    There are distinct social benefits to specialization; to developing individual talents. Everyone is better off when people get to do what they do best.
    It is possible to treat everyone the same and still let people do their own thing. The melting pot, in which everyone is supposed to do the same thing, is not an attractive notion.

    •  I'm not sure what you're driving at. (1+ / 0-)
      Recommended by:

      18-24-year-olds may not need to have their lifelong careers figured out -- most people don't have those anymore anyway -- but for those of them who are neither employed nor in school, this can have a lifelong impact on their employment prospects.

      © cai Visit to join the fight against global warming.

      by cai on Wed Nov 20, 2013 at 08:31:00 PM PST

      [ Parent ]

    •  I've never heard "melting pot" (0+ / 0-)

      used to denote anything other than cultural integration, i.e. the idea of immigrants of different nationalities turning into "Americans"....whatever one thinks of it, I don't see where you get "everyone doing the same thing" in an employment context.

      As for "youth are trained in skills that are of no use to their parents" And what does any of this have to do with unemployment?

      "All governments lie, but disaster lies in wait for countries whose officials smoke the same hashish they give out." --I.F. Stone

      by Alice in Florida on Thu Nov 21, 2013 at 05:29:56 AM PST

      [ Parent ]

  •  JPMorgan Chase pays Illinois pensions $100 million (0+ / 0-)

    Some good news about the settlement is that the Illinois pension system that's under attack by state politicians will get something. It's kind of sad that this site can't stand good news.

    Justice Department officials say that the settlement does not absolve JPMorgan employees from future civil or criminal charges. “The agreement does not release individuals from civil charges, nor does it release JPMorgan or any individuals from potential criminal prosecution. In addition, as part of the settlement, JPMorgan has pledged to fully cooperate in investigations related to the conduct covered by the agreement,” a statement from the department said.
  •  Just an observation based on the title. (7+ / 0-)

    This summer has been the 1st time I’ve gone to the beach for a holiday weekend in quite a few years. I quickly noticed that the usual preponderance of young men and women behind all the counters, in the restaurants, and on the boardwalk, were somehow different. In no case were any of them native English speaking. As a matter of fact in virtually 100% of the cases they were Eastern European.

    I was a bit confused, what happened to all the High School, and college kids looking for some summer money? Well, I discovered they have all been replaced by young folks from Eastern Europe on “Cultural Exchange” (uh-huh), on J-1 visas (at a fraction of the cost to boot)!

    No wonder there is a “Youth Employment Problem”! Their employment right here at home has been outsourced. Upon getting home I did a little on-line research and discovered that this is the norm now at all resorts, vacation spots, and seasonal destinations across the country! Upping the quotas, and reducing the reducing the regulation on these types of visas and labor is being demanded because supposedly these operators “Can’t find enough workers to fill these jobs, so they must use J-1 workers”! (Sounds a lot like the H1-B High Tech screed I hear from that industry, which I know for a fact is BS! Cuz I is one!)

    So, not enough employment for young workers, but this industry can’t find workers and must import indentured labor? What doesn’t add up here?

    You have your right to your opinion, I will grant you that, but do not denigrate my right to mine!

    by MrQA on Wed Nov 20, 2013 at 10:48:36 AM PST

    •  Important observation, and true (7+ / 0-)

      I believe there are financial incentives attached to the J-1 program -- there was a blow-up last summer about Hershey bringing in "cultural exchange" students and basically using them as grunt factory workers, long hours at low pay.

      And yes, as with the H-1B, the certification of "can't find Americans" is generally bogus.

      In some of these places, the issue is housing. American workers won't put up with bunk-room dormitories, the summer resort areas don't have adequate workforce housing during the busy period, and the pay isn't adequate for it anyway.

      If Congress were paying attention, then some tweaking to the J-1 law would be a great place to start. That's a big "if."

      •  It's Sad (1+ / 0-)
        Recommended by:
        Aunt Pat

        I read that article.. Milton Hershey would spin in his grave!

        You have your right to your opinion, I will grant you that, but do not denigrate my right to mine!

        by MrQA on Wed Nov 20, 2013 at 06:45:12 PM PST

        [ Parent ]

        •  DO NOT SAY "It's Sad" (0+ / 0-)

          It's not sad. It's wrong.

          We have government policies which are supported by Dems (under the clueless stupidity which conflates job visas with immigration while the two are totally unrelated) and Repukeliscum (who support the employers). These policies allow employers to save millions while stiffing American young people.

          These policies allow employers to evade minimum wage laws. That's certainly something which Democrats SHOULD oppose.

          Yet you hear nothing but the Democratic bleating about the wonders of diversity blah blah blah. Idiots, honestly.

          This is a government policy which helps employers save money by cheating Americans of jobs.

          That is WRONG, NOT SAD.

      •  and MacDonalds too (0+ / 0-)

        they hire these dumb eastern europeans,
        and they don't spend a summer learning american culture,
        instead they spend the summer slaving away at 12 hour days, 6 days a week and they live like rats 4 to a bedroom.

        Oh, I guess they are learning american culture.

      •  Housing, conditions - no (0+ / 0-)

        It's not any of that stuff. It's 2 things:

        1) Taxes - J-1 allows employer to not pay a bunch of taxes - you save money by taking jobs from Americans
        2) The foreign "students" allow the season to be extended. When American students go back to school, the foreign "students" are still available.

        Why is this allowed? Why do you go to one place after another and not find American kids?

        This is wrong.

    •  J-1 Visas - foreign "students' and NO TAXES (1+ / 0-)
      Recommended by:

      for the employer.

      The J-1 visa is used to bring in 500,000 + "students" from foreign countries. These "students" fill 500,000+ jobs that American students used to fill.

      The employers pay NO TAXES for these positions.

      Yes, the US government runs programs which take jobs away from Americans and give them to foreign "students" and give a tax break to the employer.

      The citadel of democracy, Mt Rushmore, features Chinese students selling ice cream. In SD (my state of current residence), we have a HUGE unemployment problem for kids and for indians. The contractor brings in Chinese and not Americans.

      Why do we give tax breaks for J-1 visas?

      NOTE TO THE IMMIGRATION MAFIA - this is NOT an immigration issue. This is a TEMPORARY VISA giving preference to foreign persons over Americans. That is wrong.

    •  I've noticed this too. (1+ / 0-)
      Recommended by:

      A few years ago we vacationed in the NC Outer Banks, and this past summer at Mackinaw Island in Michigan. My wife and I kept asking each other, where are all the American kids? It seemed like all the seasonal service jobs were being done by European kids.

      I feel like I'm taking crazy pills!

      by itsjim on Thu Nov 21, 2013 at 06:50:11 AM PST

      [ Parent ]

  •  Because Youth Doesn't Naturally Turn Out (2+ / 0-)
    Recommended by:
    Aunt Pat, patbahn

    in high numbers and as we were taught in 1992 by The One Commandment, it is an unconscionable squandering of campaign time, energy and money to attempt to motivate anyone other than an active conservative swing voter.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Wed Nov 20, 2013 at 08:06:07 PM PST

  •  It does seem like a priority doesn't it? (2+ / 0-)
    Recommended by:
    Aunt Pat, Amber6541

    Especially considering that we are terrified about an aging population that is dependent on a high youth employment rate.

    Politicians just don't give a crap about us, only the banks that own them

  •  H-1Bs, J-1s, L-1, F-1 (0+ / 0-)

    All of these "temporary" visas give preference to foreign persons over americans.

    These take jobs from American students, and give them to foreign grads.

    The foreign grads can be paid less. Note that there is NO requirement in the H-1B to search for and find a comparable (and usually superior) American candidate.

    Why are foreign grads preferred?
    1) H-1B is indentured servitude. You can't look for another job.
    2) H-1B has the promise of the green card. This acts to whip the foreign job holder.
    3) The foreign visa holder does not need to be promoted. This allows the job to  be retained as an entry level job. Once a job is set up as an H-1B job, it will never be filled by an American. Rather, the revolving door of the H-1B will continue to turn providing a virtually endless supply of cheap, pliable, foreign job holders.

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