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By Rachel Goldfarb, originally published on Next New Deal

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MBAs Will Turn Brownfields Into Green—if Investors Help Them Out (Quartz)

Roosevelt Institute Fellow Georgia Levenson Keohane writes that the social venture competitions becoming common in MBA programs could push sustainability and social change, if Wall Street will fund the proposals.

Even As Jobs Numbers Seem Better… (Campaign for America's Future Blog)

Unemployment claims have dropped, and the jobs lost in the recession have been restored, but that's just catch-up. Dave Johnson pulls job creation ideas from a new Roosevelt Institute report, "A Bold Approach to the Jobs Emergency: 15 Ways We Can Create Good Jobs in America Today."

  • Roosevelt Take: Read the full report, produced by the Bernard L. Schwartz Rediscovering Government Initiative.

Low-Wage Workers Pay the Price of Nickel-and-Diming by Employers (LA Times)

Michael Hiltzik points out that wage theft is most common in low-paid, labor-intensive, female-heavy industries. Without sufficient government enforcement, workers are forced to fight back on their own.

What If the Minimum Wage Were $15 an Hour? (The Nation)

Sasha Abramsky looks at the political situation in Seattle, where the push for a $15-an-hour minimum wage is taking center stage. He suggests that if Seattle pulls this off, it will dramatically shift the national conversation.

  • Roosevelt Take: Roosevelt Institute President and CEO Felicia Wong gave the closing remarks at Seattle's Income Inequality Symposium.

Executive Pay: Invasion of the Supersalaries (NYT)

Rising CEO pay is a major contributing factor to today's economic inequality, writes Peter Eavis. But there's disagreement on how to induce companies to pay CEOs less and average workers more.

The Wall Street Second-Chances Rule: Scandal Makes the Rich Grow Stronger (The Guardian)

Heidi Moore writes that on Wall Street, losses, bankruptcies, and even criminal investigations aren't enough to knock top CEOs out of the business. Profits conquer all, so even financiers embroiled in scandal keep their power.

New on Next New Deal

A Millennial’s Case for Fixing Social Security

Brian Lamberta, Northeast Regional Communications Coordinator for the Roosevelt Institute | Campus Network, explains why and how Millennials should try to fix Social Security instead of giving up on it.


Originally posted to Daily Kos Economics on Mon Apr 14, 2014 at 05:06 AM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  What If the Minimum Wage Were $15 an Hour? (2+ / 0-)
    Recommended by:
    Amber6541, Cadillac64

    Aussies the World’s Richest People

    We should follow the example of Australia: the minimum wage is roughly $15.00-US; workers receive an annual COLA. How is it that Australia can afford to pay a living wage and provide good benefits, including universal health care?

    Business Profits as a Percentage of National Income:
    U.S.: 20.4%
    Australia: 12.7%

    A higher minimum wage will help to boost the wages of other income earners. In 2011, the median wage was $57,400 in Australia (it’s $40,000 in the U.S.). Australians rank no. 1 in the world on median wealth: $219,505.

    Aussies the World’s Richest People: Credit Suisse

    http://www.smh.com.au/...

    It’s time to put an end to corporate welfare for companies like Wal-Mart and McDonald’s. Taxpayers should not be providing their employees with food stamps and other assistance because they do not pay a living wage.

    You Don't Happen To Make It. You Make It Happen !

    by jeffrey789 on Mon Apr 14, 2014 at 08:41:48 PM PDT

  •  What is the role of the CEO ? (2+ / 0-)
    Recommended by:
    Amber6541, Cadillac64

    CEOs are normally not inventors of major industries. They are basically hired hands who have politicked their way into corporate power. They are just another worker unless they created the industry. True entrepreneurs deserve to profit from their risk-taking. CEOs who have not been the primary force behind creating an industry do not deserve more that 10 to 15 times what an average worker makes in the corporation. They can be replaced just like any other worker. They have done nothing to make jobs and a better economy. In many cases greedy executives give themselves raises and bonuses when their company is going bankrupt. Witness the greed in Enron for example. GM,...and a host of other corporations have CEOs that are given outlandish salaries despite their corporations losing money.

    Basically, it is greed that comes with power to name one's own salary that causes the Exxon mobil CEO to give himself a 400 million dollar retirement package. Simply put, he is not worth any thing more than a retirement package like government chiefs get. Government executives are allowed 80 percent of their regular salary which is controlled by law so as not to be unduly exorbitant. There is no control over the greed of CEOs in the USA. Some nations have restrictions on how much compensation a CEO can be paid.

    You Don't Happen To Make It. You Make It Happen !

    by jeffrey789 on Mon Apr 14, 2014 at 09:00:41 PM PDT

  •  Meanwhile in Winger Land (1+ / 0-)
    Recommended by:
    Cadillac64

    I just saw a goofy political cartoon riffing off the Tiananmen Square. Some cowboy on a horse is standing down tanks with Obama symbols on them.

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

    by Stude Dude on Mon Apr 14, 2014 at 09:21:30 PM PDT

  •  I don't buy it that the job situation has improved (1+ / 0-)
    Recommended by:
    Cadillac64

    Virtually everyone I know is either out of work, doing temporary work, or working at a much lower-level job than they were previously. These are people mostly in the late 40s to mid 60s age group. Everyone is struggling to get by and under huge amounts of stress, even when they are only having to deal with day to day issues.

    Don't believe the bullshit, believe your eyes.

  •  A close friend, my age, 54 is robbed blind (1+ / 0-)
    Recommended by:
    Cadillac64

    by his employer. He is supposed to make $9.50 hr, but is routinely paid 8.50 including ot. The bill now is over $350 and counting, but it's a contractor to do security for one of Ohio's busy state offices. I won't name names, but it's the tallest building in Columbus and named after the guy who was governor when Kent State jumped off.  I wonder if kos could shame the thieves entrusted to check your bags going in the building to not pick their employees pockets,

    Jesus only performs miracles for people with enough time on their hands to make that crap up.

    by KneecapBuster on Tue Apr 15, 2014 at 06:41:19 AM PDT

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