Skip to main content

Economics Daily Digest by the Roosevelt Institute banner

By Rachel Goldfarb, originally published on Next New Deal

Click here to receive the Daily Digest via email.

The Death of an Employer Scam (TAP)

Workers who are misclassified as independent contractors lose out on wages, benefits, and workplace protections - but Harold Meyerson says recent crackdowns could signal the end of industry-wide misclassification.

Unemployed, and Heading Toward Foreclosure (MSNBC)

More than half of the long-term unemployed live in owner-occupied homes, reports Suzy Khimm, and now they're struggling to keep their homes with no income and less-than-successful safety net programs.

America's Class System Across The Life Cycle (PolicyShop)

Matt Bruenig borrows charts from a wide variety of sources to look at how income inequality effects full lives, from childhood stress levels, to college completion rates, to age of death.

The Right's New "Welfare Queens": The Middle Class (The New Yorker)

George Packer says that Republican Senators at a recent committee hearing preferred to pin the economy's problem on adults choosing not to work instead of income inequality.

Democrats, as Part of Midterm Strategy, to Schedule Votes on Pocketbook Issues (NYT)

Jeremy W. Peters and Michael D. Shear report that the Senate Democrats' goals are less about passing legislation to fight inequality than getting Republicans on record opposing these bills.

U.S. Banks Enjoy 'Too-Big-to-Fail' Advantage: Fed Study (Reuters)

Emily Stephenson and Jonathan Spicer report on a new series of research papers by Federal Reserve economists that confirm that "too big to fail" advantages continued into 2009, after the financial crisis.

Will a For-Profit Degree Help You Get a Job? (The Atlantic)

Graduates of 72 percent of for-profit college career programs earn less than high school dropouts, reports Sophie Quinton. That's led to concerns that such schools waste federal financial aid, and calls for tighter standards.

New on Next New Deal

How the Weakening of American Labor Led to the Shrinking of America’s Middle Class

In the second post in his series describing his new report on labor organizing reform, Roosevelt Institute Senior Fellow Richard Kirsch looks at the era in which corporations began to shift profits away from workers.

Originally posted to Daily Kos Economics on Wed Mar 26, 2014 at 04:58 AM PDT.

Also republished by Daily Kos.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  Too big to fail and too "religious" to follow the (2+ / 0-)
    Recommended by:
    Egalitare, jbsoul

    law and give all workers the basic rights they are entitled to.

    Just doing my part to piss off right wing nuts, one smart ass comment at a time.

    by tekno2600 on Wed Mar 26, 2014 at 08:36:24 PM PDT

  •  Re NYT article on Dem midterm strategy (0+ / 0-)

    Hope to God they do more than legislative stunts like "getting Republicans on the record" voting against economic populism.

    I know that's a part of it but there is so much more they need to do. They need to take off the gloves and bluntly say "the Republicans want everyone to have a job including little kids and no one to get paid more than a dollar or two an hour. That's why they are against any minimum wage at all. Whole families will have to work for nothing including middle class families. Don't think it can't happen to you because that's the Republican vision for America."

    For God's sake, take off the fucking gloves, put them on the defensive,and keep them there. It's not rocket science. All of the Dems pushing that clear simple message will get media coverage because the media loves simple accusations and fights.

    Then the Republicans will be forced to try to sell a nuanced bullshit defense. They'll be outed just like Romney was.

    For fuck's sake do more than stage votes and have photo ops.

  •  I see worker misclassification firsthand. (0+ / 0-)

    I can walk into a major Michigan automotive company today and most of the people I'll see--people I see working full time--are "independent contractors."
    It's a huge scam.

    •  Couldn't agree more... (0+ / 0-)

      ...and it's being imposed on professionals as well.

      It's basically what adjuncts are subjected to in academia. And it's now all the rage in the non-profit realm. Full time counselors and social workers are being told they have been turned into "independent contractors", will lose all benefits,  and will only be paid for face to face time with clients. All accompanying paperwork must be done for free. If they don't like it they can go elsewhere.

      Then of course the administrators pocket part of the differential and claim the rest as cost savings.

      Non-profits are also turning into huge scams.

      Sad and frustrating.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site