Skip to main content

Economics Daily Digest by the Roosevelt Institute banner

By Rachel Goldfarb, originally published on Next New Deal

Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest.

Government Should Invest in Fiber Optics (NYT)

Roosevelt Institute Fellow Susan Crawford writes that U.S. cities can increase competition and expand affordable high-speed Internet access to all residents by building municipal fiber networks.

Gap Between Minimum Wage and Tipped Wage Hits Record High (MSNBC)

Tipped workers make a much lower median wage, reports Ned Resnikoff, and tipped workers face a poverty rate twice that of other workers.

Fannie-Freddie Propose Liquidity Rules for Mortgage Insurers (Bloomberg)

Zachary Tracer and Clea Benson explain newly proposed capital requirements for mortgage insurers, which would demand that they hold a greater amount of liquid assets against their risk exposure.

The Verdict is in: Obamacare Lowers Uninsured (Politico)

The trend is unmistakable, writes David Nather: millions have newly obtained insurance thanks to the Affordable Care Act. Even those who oppose the law can't find anything bad to say about that.

Right-Wing “Populism” is a Joke: Poor-Bashing, Immigrant-Hating and a Revolting Agenda (Salon)

Heather Digby Parton explains how right-wing populism, which places blame for economic problems on "economic parasites," pushes policies that don't help the right's supposed base.

Losing Sparta: The Bitter Truth Behind the Gospel of Productivity (VQR)

Esther Kaplan looks at the closure of one highly productive, award-winning lighting fixture plant in Sparta, Tennessee to explain why productivity isn't enough to improve the economy.

A $13 Minimum Wage Isn’t Enough (In These Times)

Carlos Ballesteros says that organizers in Chicago want a union no matter the minimum wage increase they obtain, because they will still need consistent hours and scheduling.

Originally posted to Daily Kos Economics on Fri Jul 11, 2014 at 05:25 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

  •  Article on tipped minimum wage a bit misleading. (1+ / 0-)
    Recommended by:

    Tipped workers are subject to the same minimum wage as everybody else, but their tips are included in the wage calculation.

    So ... an employer is required to pay $2.13 at a minimum. If worker tips don't take earnings over minimum wage, then the employer must make up the difference.


    These new higher minimum wages tend to be state and city wages, so, if not written appropriately, and employer may be required to guarantee only the federal wage, not the higher local wage.

    LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

    by dinotrac on Fri Jul 11, 2014 at 08:26:29 PM PDT

    •  Few tipped workers work eight hour (0+ / 0-)

      shifts. Four hours here, three hours there, before you know it, you earned $250 in the past week.

      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 Sat Jul 12, 2014 at 08:01:17 AM PDT

      [ Parent ]

  •  Where can you live for $13 and hour? (0+ / 0-)

    I really don't know. In the garage at your parents? How can we treat people this way? I don't know.

    Every human being has paid the earth to grow up. Most people don’t grow up. And you find out what it costs us to love and to lose, to dare and to fail. And maybe even more, to succeed. What it costs, in truth.—Maya Angelou

    by TerryDarc on Fri Jul 11, 2014 at 09:03:10 PM PDT

  •  In regards to fiber optics, we've been sold this (0+ / 0-)

    bill of goods before.  Our tax dollars went to the development of the internet, we've provided tax incentives to the private sector to do the wiring, and yet the cost of internet service continues to rise at unprecedented rates.  Can we please get our public utilities back from the private sector, middlemen need not apply.

    "We know too much to go back and pretend" - Helen Reddy (humble cosmos shaker)

    by ditsylilg on Fri Jul 11, 2014 at 09:08:28 PM PDT

    •  Conflict of Interest (1+ / 0-)
      Recommended by:

      Having the same company provide cable TV service and internet access is a HUGE conflict of interest. Why would Time Warner or Comacast or Verizon provide internet access that's capable of effortlessly streaming TV and movies anywhere and everywhere, when they have us tied to there cable boxes paying hundreds of dollars a month for a bucn crappy reality shows that we don't watch?

      "For all those whose cares have been our concern, the work goes on, the cause endures, the hope still lives and the dream shall never die." --Senator Ted Kennedy

      by Blue Silent Majority on Sat Jul 12, 2014 at 08:52:41 AM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site