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By Rachel Goldfarb, originally published on Next New Deal

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In Its Minimum-Wage Report, the CBO Places Its Thumb on the Scale (TNR)

The new report, which predicts a $10.10 minimum wage could cost as many as 1 million jobs, overstates the potential downside and understates the benefits, argues Roosevelt Institute Fellow Mike Konczal.

Student Debt May Hurt Housing Recovery by Hampering First-Time Buyers (WaPo)

Dina ElBoghdady reports that new rules could be keeping young would-be homeowners with student loans out of the market, and that has implications for the housing market and the broader economy.

Businesses Are Swimming in Money: Profit Protection Will Not Help With Economic Recovery (Pacific Standard)

Martin Hart-Landsberg uses charts to demonstrate just how much money businesses are sitting on today. He says this data shows that pro-business policy won't speed up the recovery for everyone else.

New on Next New Deal

In VW Vote, Republicans Fight the Really Radical Idea that Workers Should Have a Voice in Business

Roosevelt Institute Senior Fellow Richard Kirsch explains how the GOP influenced the United Auto Workers' loss at Volkswagen's Chattanooga plant, even though the company wasn't opposed to the union.

Finding Affordable Housing Solutions in Boston

Gavin O'Brien, a member of the Greater Boston chapter of Roosevelt Institute | Pipeline, lays out possible policy solutions to the soaring cost of living in Boston, from cooperative arrangements to affordable housing trusts.

Snowed Under: When Keeping Schools Open Puts Low-Income Students Further Behind

Attendance data doesn't support the claim that NYC schools needed to stay open during last week's snowstorm so kids could eat, says Sarah Pfeifer Vandekerckhove, the Roosevelt Institute's Director of Programmatic Operations.

Originally posted to Daily Kos Economics on Wed Feb 19, 2014 at 07:41 AM PST.

Also republished by Daily Kos.

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Comment Preferences

  •  I believe it was around 1995 (0+ / 0-)

    when Boston took the cap off of rent. Even at that time you couldn't find a 1 bedroom apt in Brighton for under $1100.

    I will never forget the old lady who got tossed out of her apartment after 30 years because she couldn't afford the new rent hike. It was pitiful.

    I love my Boston, but I do not like that it's become a bland, cookie cutter city for rich kids only. And South End? Thank the gays for making it beautiful, thank the straight couples who made it expensive! ;)

    Strange but not a stranger.

    by jnww on Wed Feb 19, 2014 at 10:28:41 PM PST

  •  CBO Simply WRONG (0+ / 0-)

    The CBO report that a hike in the minimum wage would cost an average 500,000 jobs is simply WRONG and WRONG HEADED.

    The US is in a financial failure created, low aggregate demand sustained slow growth recovery. Under these conditions, a raise in the minimum wage would be a net job creator.

    If the US were in a slow growth economy caused by low supply, it is possible that raising the minimum wage might be a net job loss proposition. But even then, the evidence is arbitrary.

    Sorry CBO - you are supposed to be not only non-partisan but also largely right. You got this one SOOOOO Wrong.

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