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By Rachel Goldfarb, originally published on Next New Deal

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It’s Now the Canadian Dream (NYT)

Nicholas Kristof quotes Roosevelt Institute Senior Fellow and Chief Economist Joseph Stiglitz on how inequality of opportunity has diminished the American Dream.

  • Roosevelt Take: Stiglitz spoke to the Senate Budget Committee about growing inequality of income and opportunity in the U.S., and how policy can push back.

Harry Reid Backs Campaign Spending Amendment (Politico)

The Senate Majority Leader has backed a constitutional amendment that would overturn Citizens United and McCutcheon, writes Burgess Everett, though it's unlikely to pass.

  • Roosevelt Take: Roosevelt Institute Senior Fellow Richard Kirsch calls for political organizing to protect democracy in the wake of McCutcheon.

Biggest Fast Food Strike Ever Attracts Global Support (MSNBC)

Ned Resnikoff reports on the expansion of the fast food strikes that began a year and a half ago in New York City. Yesterday brought strikes in 150 U.S. cities and 33 other countries.

Fast Food, Slow Movement (TAP)

Paul Waldman says the slow growth of the fast food movement could be to its advantage when it comes to developing demands, strategies, and leadership.

Another Conservative Governor Finds a Way to Expand Medicaid (WaPo)

Expanding Medicaid without provoking GOP opposition, as Indiana's governor is attempting to do, could be key to closing the coverage gap, writes Jason Millman.

New on Next New Deal

In Georgia, Lawmakers Taking Pride in Policies That Hurt the Poor

Roosevelt Institute Fellow Andrea Flynn explains why Georgia's active efforts to undermine the Affordable Care Act are making things worse in a state with an already high poverty rate.


Originally posted to Daily Kos Economics on Fri May 16, 2014 at 08:51 AM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  per capita GDP per hour worked (0+ / 0-)

    This gives me a chance to make a rather obvious point, which I seldom or never see made by actual economists.

    The US often does better in per capita GDP than on measurements of quality of life such as life expectancy of educational scores.

    Put aside distribution for a second and think of this.

    If the US per capita GDP were equal to the German per capita GDP, but the average German works 28% fewer hours, what does that mean?

    Logically, it is unequivocally better to get more per hour of work.  Cadillac recently ran a ridiculed ad implying that Americans want to work longer hours.  But the thing is, of course, Germans can work longer hours or hold two or more jobs if they want, and many do.   No matter how much average Germans work, they get more than average Americans for it.  Germans undoubtedly have shorter commutes as well.

    (It's highly plausible that average German labor may actually be more productive per hour.  Not due to pace; enforced fast pace of work is likely a far more American phenomenon - and third world, of course - but due to education, cooperative attitude, efficiency of infrastructure, health, etc.  But probably not 28% better, and in the US, increases in productivity have been detached from increases in pay.  And I may be wrong here, Americans may be just as productive.)

    Eventually the US will drop in rank in absolute per capita GDP if right wing austerity policies continue, but even before that, Americans should want a high per capita GDP that is reasonably distributed, and in proportion to hours worked.

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