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.

CEO Performance Pay is Bad for Everyone Except CEOs (Next New Deal)

Roosevelt Institute Senior Fellow Richard Kirsch agrees with William Lazonick: rewarding workers and taxpayers for a firm's success would be better for the economy than soaring CEO pay.

Walmart Slashed Tax Bill By Giving Top Execs Big Bonuses (Forbes)

A new report points out that Walmart cut its tax bill by $104 million through deductible CEO "performance pay," writes Kelly Phillips Erb. Closing that loophole would save taxpayers billions.

  • Roosevelt Take: Roosevelt Institute Fellow and Director of Research Sue Holmberg and Campus Network alumna Lydia Austin explain the need to close the performance pay loophole in their white paper.

Workers' Wages Sink as 'Domestic Outsourcing' Grows (NBC News)

Roosevelt Institute Fellow Annette Bernhardt tells Martha C. White that it's hard to quantify how many people have been forced out of direct employment to become contract workers, usually with lower wages.

Growth Has Been Good for Decades. So Why Hasn’t Poverty Declined? (NYT)

The number of hours low-income workers put in has increased in the last few decades, but their pay hasn't, writes Neil Irwin. Economic growth doesn't reduce poverty unless it lift wages too.

Finally a Chance for Facts to Decide (NYT)

Seattle's newly passed $15-per-hour minimum wage gives economists a chance to see what happens, says Arindrajit Dube, and use its real successes or failures to help rethink national policy.

Could Minimum Wage Help Save Senate for Dems? (WaPo)

Minimum wage ballot measures in battleground states could boost Democrats' turnout in 2014, says Greg Sargent, and Arkansas Democrats are fighting to put one such initiative before voters.

If You're Born Poor, You'll Probably Stay That Way (MoJo)

Stephanie Mencimer reports on the results of a 30-year study of poverty in Baltimore from Johns Hopkins, which found that family was the strongest determining factor of a low-income child's future.

Originally posted to Daily Kos Economics on Thu Jun 05, 2014 at 05:16 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

  •  The only thing I can say is (0+ / 0-)

    As an economics major I believe that we need to have a certain degree of domestic outsourcing, it is healthy for a nation to do that.  HOWEVER, we have to replace those lost jobs with new jobs, whether in the same sector a different one.  Another reason why UE is so high in different states, workers there are stuck because companies in that region outsourced more than other regions and communities didn't end up getting jobs in return for jobs that they lost.

    These states would include places like: Rhode Island, Connecticut, Nevada, and Mississippi.

    Moderate Republican, PA-5

    by PSUCentrePA on Thu Jun 05, 2014 at 07:45:21 PM PDT

  •  The fact that Minimum Wage doesn't ensure DEM... (2+ / 0-)
    Recommended by:
    bleedingheartliberal218, RUNDOWN

    victory encapsulates all that is wrong with the American People.

    Frankly, people who value their guns and gays over their own families' welfare deserve their status in life.

  •  Growth is good? That's the mantra of cancer cells. (1+ / 0-)
    Recommended by:
    Pale Jenova

    Good for the tumor, until it kills the host, whether you take that as our Imperial state or as the only planet we humans can currently consume. Would love to hear refutations of the observations, the obvious observations, of George Monbiotabout the ultimate impossibility of continued growth:

    "Is that all there is?" Peggy Lee.

    by jm214 on Fri Jun 06, 2014 at 03:16:22 AM PDT

  •  Workers Create the Wealth With Their Sweat, Blood, (1+ / 0-)
    Recommended by:

    health, and sometimes lives.

    Workers who hate collective bargaining and unions and who vote Republican are just plain stupid fucking assholes voting against their own interests.

    George Carlin summed up the personnel mentality best when he said that employers want employees who are just smart enough to do the paperwork and operate the machinery but not smart enough to realize that they are getting the big red, white, and blue dick shoved up their asses.

  •  The lack of socioeconomic mobility (0+ / 0-)

    is due to the idea that "success" is less about merit than about making the right connections via your parents.

    I'm living in America, and in America you're on your own. America's not a country. It's just a business.

    by CFAmick on Fri Jun 06, 2014 at 09:21:23 AM PDT

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site