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By Rachel Goldfarb, originally published on Next New Deal

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The Voluntarism Fantasy (The Majority Report)

Sam Seder speaks with Roosevelt Institute Fellow Mike Konczal about Mike's new piece in Democracy Journal. Mike says the social safety net has always depended on the government.

The Tyranny of the On-Call Schedule: Hourly Injustice in Retail Labor (The Nation)

Michelle Chen explains the ways that retail scheduling has harmed workers' ability to plan their lives. On-call schedules mean not knowing how much you'll make or when you'll work, ever.

Journalists’ and Activists’ Strange Approach to Low-Wage Workers (WaPo)

Sarah Jaffe calls out the habit of representing low-wage workers as poor, unfortunate Others in need of our help. Any one of us could share the concerns and needs of low-wage workers.

Why Not Peg EITC Benefits to the Local Cost of Living? (PolicyShop)

David Callahan suggests President Obama could do better than simply increasing the earned income tax credit. For low-income workers living in high-cost areas, it would make a big difference.

Janet Yellen's Rookie Mistake: Speaking Too Clearly (Bloomberg Businessweek)

Janet Yellen, the new Federal Reserve Chair, needs to speak with less specificity, writes Peter Coy. Attaching a six-month timeframe to a vague written statement set off a market selloff.

The Key Question for Yellen: Is This Economy As Good As It Gets? (FiveThirtyEight)

Andrew Flowers considers the ways to measure economic potential, and what the Federal Reserve ought to do if we agree that the U.S. is still falling short.

Do We Need to Force People to Live in the Homes They Own? (Pacific Standard)

Real estate that isn't actually lived in may be a good investment, but it isn't good for a city, writes Kyle Chayka. He suggests that residency requirements could control rising rents.

New on Next New Deal

There's More to Fixing the Minimum Wage Than Just Raising It

Azi Hussain, Roosevelt Institute | Campus Network Senior Fellow for Economic Development, says that instead of tying the minimum wage to annual inflation, we should peg it to inflation over the business cycle to ensure flexibility.

Originally posted to Daily Kos Economics on Thu Mar 20, 2014 at 05:07 AM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  How about not living in a house (1+ / 0-)
    Recommended by:
    annieli

    That you want to unload but it's a dreary local market?

    It was a off-kilter tramsistion in my life. I had a house in Soldier, Iowa, but living in an apartment in Omaha where the job was.

    When it comes to location location location, Soldier is pretty close to literally in the middle of nowhere. The nearest mall was an hour's drive.

    "If this Studebaker had anymore Atomic Space-Age Style, you'd have to be an astronaut with a geiger counter!"

    by Stude Dude on Thu Mar 20, 2014 at 06:05:49 AM PDT

  •  does the Fed produce palpable media effects (0+ / 0-)

    or are its leaders' comments, as signals, simply symptomatic

    Instead, she said, “You know, this is the kind of term it’s hard to define, but, you know, it probably means something on the order of around six months or that type of thing.” That was a bit quicker than markets had been expecting, so interest rates rose and stocks fell. The comment “sent equity markets into something of a tailspin,” wrote Paul Ashworth of Capital Economics.

    Warning - some snark may be above‽ (-9.50; -7.03)‽ eState4Column5©2013 "I’m not the strapping young Muslim socialist that I used to be" - Barack Obama 04/27/2013 (@eState4Column5).

    by annieli on Thu Mar 20, 2014 at 08:16:43 PM PDT

  •  Residency requirement = unemployment? (0+ / 0-)

    I completely agree that a high percentage of owner-occupied housing is better for a community. But there are sound reasons why people don't do it.

    The two other owners in our three-condo building used to live here. But one got married and moved in with her husband two hours away, and the other is in graduate school in another part of the country and so far hasn't gotten any job prospects here. And they can't sell because they're underwater, and forget about negotiating a short sale with the bank. So "forcing" them to live here (or to sell to someone who would) just makes no sense. And one of the renters has a one-year teaching contract, and his wife teaches at another institution four hours drive away, so he's not about to buy a place here.

    People all over the country are stuck with houses they can't sell, and they can't qualify for a mortgage where they now live due to the requirements ramping up, and they're working contract or temp jobs, and all the financial pages are saying people should be even more willing to move for the sake of a job (or a better one). All that adds up to a nation of renters and landlords.

    The "fix" can't be done by stupid fiats. It requires stable jobs, reasonable mortgage requirements, and other economic conditions that will not exist for the foreseeable future.

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