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.

What Happens When Low Wage Workers Suddenly Get a Living Wage? (Gothamist)

Christopher Robbins speaks to workers at a successful casino in Queens, New York, whose wages nearly doubled last October when they unionized.

Stay-At-Home Dads On The Rise, And Many Of Them Are Poor (NPR)

A new study of stay-at-home dads reveals some bad news, writes Jennifer Ludden: more than half live in poverty, with many staying home due to illness, disability, or inability to find work.

What to Watch on Jobs Day: An All-Time High of an Indicator That is Almost Always Rising (Working Economics)

Heidi Shierholz warns that while today's jobs report will likely show total employment at an all-time high, that's actually a meaningless benchmark due to constant population growth.

How Seattle Passed the Highest Minimum Wage In America (Vice)

The fight for $15 an hour in Seattle combined a number of unusual factors, says Arun Gupta, so it's unclear if the same kind of effort will work elsewhere.

GOP’s Little-Noticed Unemployment Sham: The Quiet Death of Extended Benefits (Salon)

Simon Maloy argues that the House GOP's quiet obstruction of extended unemployment insurance has thwarted supporters and left the long-term unemployed worse off than ever.

Artisanal Union-Busting (In These Times)

Chris Lehmann looks at union organizing efforts at Whole Foods stores in Chicago, and the company's pushback against collective bargaining.

To Protect Service Members, Defense Department Plans Broad Ban on High-Cost Loans (ProPublica)

Because too many soldiers are targeted by high-cost lenders, the Department of Defense may ban all loans above 36 percent APR. Paul Kiel says it's not so simple to protect civilians.

Originally posted to Daily Kos Economics on Fri Jun 06, 2014 at 05:06 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

  •  economic value of stay at home (0+ / 0-)

    One  thing that always struck me is the disconnect between conservative policy.  They say they want to support stay at home mothers, of course it is mothers, not the lesser paid parent, but they do little to promote it.  Of course they promote policies that value women as less productive workers, but then they do not raise the minimum wage so that the single worker household can live a middle class existence.

    I will say this, and it might be controversial.  Outside of the first several years raising children, it is hard to justify the value of a stay at home parent.  With microwaves, and washing machines, and vacuum cleaners, and cheap clothing, and cheap prepared food, there is just not as much work to do to make housing work as they used to be.

    I remember my siblings and I getting home from school and using the hour to prepare dinner.  Who does that anymore?  Of on Sunday our working mother planning and preparing lunches and meals.  We almost never ate a meal that was not prepared from scratch at home. How many people undder 40 really know how expensive a box of bisquick, or a toaster pastry, or those cut and bake cookies are compared to something that you can whip up in half an hour?

    So yes, people need to be paid more for their hired work.  But there is also the expectation that we have primarily 'store bought' goods which on average is going to require more money than if some of labor was put in at home by parents and children.  Obviously if we all stopped buying toaster pastries, some would say the economy would cave.  If we paid people enough so that a single parent could afford to everything for a middle class existence, some would say the economy would cave.  If no one paid for childcare, the economy would cave.

    So no matter what these social conservatives say about stay at home parenting, nothing in policy supports that.

    She was a fool, and so am I, and so is anyone who thinks he sees what God is doing. -Kurt Vonnegut Life is serious but we don't have to be - me

    by lowt on Fri Jun 06, 2014 at 09:40:26 PM PDT

  •  Stiglitz demolishes the freemarket CON on Moyers (0+ / 0-)

    It is obvious that all classes of people enter the market with different quantities and qualities of information but
     the hack economists treat everyone the same with the same opportunities and same result.
    Amazingly clear explanation!
    Wonderful show, I hope Moyers has Prof. Stiglitz back again soon, if only to amplify on this.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site