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By Rachel Goldfarb, originally published on Next New Deal

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Housing Market Falters Amid Rising Prices, Lower-Paying Jobs (Bloomberg)

Kathleen M. Howley reports on new, weaker forecasts for the housing market, and blames slow labor growth, which is primarily in low-wage jobs, and stagnant wages.

Poll: Fewer Americans Blame Poverty on the Poor (NBC News)

A new poll shows a major shift in how Americans perceive the causes of poverty since 1995, writes Seth Freed Wessler. Nearly half of respondents today blame structural causes.

The Economic Argument for Raising Women's Pay (Political Research Associates)

Mariya Strauss assesses the economic benefits of pay equity, which include increased economic growth and tax revenues, as well as a reduced need for public assistance programs.

Republicans Finally Admit Why They Really Hate Obamacare (NY Mag)

As the predictions of Obamacare skeptics are steadily debunked, Jonathan Chait says conservatives are forced to admit they just don't like transfer programs to help the poor.

The Big Lobotomy (Washington Monthly)

Paul Glastris and Haley Sweetland Edwards look at how Republicans in Congress have cut the Congressional workforce, reducing expertise and capacity as well as limiting their own effectiveness.

Why Inequality Might Make Kids Drop Out of High School (WaPo)

A new study suggests that the "economic despair" caused by increased inequality is the reason for higher dropout rates, reports Matt O'Brien.

Finally! Big Investors Declare War on Big Banks (The Fiscal Times)

David Dayen reports on a new front in the post-financial crisis legal battle:  a group of investors sues the trustee banks that assembled mortgage bonds for abandoning quality standards.

Originally posted to Daily Kos Economics on Mon Jun 23, 2014 at 04:52 AM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  If Your Housing Market Hates Low Wages, (4+ / 0-)
    Recommended by:
    Odysseus, Egalitare, kosta, cyncynical

    wait till it faces 2 generations of kids who owe more than a house on their college debt and won't be able to buy houses till they're senior citizens.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Mon Jun 23, 2014 at 05:11:41 AM PDT

    •  4 years college 30K, house 200K (1+ / 0-)
      Recommended by:

      “Conservation… is a positive exercise of skill and insight, not merely a negative exercise of abstinence and caution…” Aldo Leopold

      by ban nock on Mon Jun 23, 2014 at 06:34:11 AM PDT

      [ Parent ]

    •  Credit/debt society (3+ / 0-)
      Recommended by:
      Bob Love, Egalitare, jbob

      The US is almost unique among advanced countries in that 18-year-olds, the age of legal maturity for most purposes and specifically for contract enforcement, are expected to start life by going into debt. In most of Northern Europe, for example, university is hard to get into, but fairly light on the pocketbook if the student is willing to crack the books and live a modest existence. Even the meals and housing are subsidized. At the same time, practical state-provided vocational training is much harder to come by in the US. Part of the problem starts earlier in the k-12 system, which might be characterized as "debtors-in-training." An odd aspect of all this emphasis on university and paying for education is that the US is still rather innumerate and scientifically illiterate. Unlike Swedish children, for example, a US child graduates high school with almost no clue as to the mechanisms of capital accumulation but can list several dozen commodity fetishes. Given that credit card and consumer debt issuers effectively broke state usury laws a couple decades back, starting with the agency capture of South Dakota, they are pushed defenseless into a wilderness of predators.  

      It is not easy to see what you are not looking for, or to know what it is you do not know.

      by kosta on Tue Jun 24, 2014 at 01:05:02 AM PDT

      [ Parent ]

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