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.

Is Worker Ownership a Way Forward for Market Basket? (Truthout)

Gar Alperovitz says the current protests at Market Basket are a sign of the desire for community and worker-friendly businesses, which he suggests are easier to achieve with employee ownership.

Surprise! North Carolina Cuts to Jobless Benefits Did Not Help Workers (TAP)

Valerie Wilson lays out the data, which shows that cutting the duration and amount of unemployment benefits did not magically improve the job market in North Carolina.

New York Prosecutors Charge Payday Lenders With Usury (NYT)

State prosecutors charged a group of lenders incorporated across the country with shared (and obscured) ownership of charging illegal interest rates to New Yorkers, reports Jessica Silver-Greenberg.

Give the President (and Yourself) a Break (U.S. News & World Report)

Instead of griping about the President's vacation, lawmakers should work to ensure that all Americans get paid vacation time and are able to use it, writes Pat Garofalo.

Unions Team Up With Fast-Food Owners (Bloomberg Businessweek)

Patrick Clark looks at the uneasy alliance between fast food franchisees and labor unions as they push for fairer franchising laws in California, which unions hope would translate into better working conditions.

It Matters How Rich the Rich Are (Policy Shop)

Matt Bruenig says that we must know how rich the rich are in order to fight poverty, since the distribution of wealth creates poverty. He also asks how we would know if policy is working without that data.

How Student Debt Crushes Your Chances of Buying a Home (WaPo)

Dina ElBoghdady looks at a new study that lays out the complex ways student debt interacts with homeownership, including a close look at total amount of debt and size of payments.


Originally posted to Daily Kos Economics on Tue Aug 12, 2014 at 05:08 AM PDT.

Also republished by Daily Kos.

EMAIL TO A FRIEND X
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

  •  ESOPs were big in the '80s, kids. (2+ / 0-)
    Recommended by:
    Amber6541, MartyM

    I really thought capitalism was finding a way to spread wealth between that and profit sharing plans and even some of the more generous 401k plans.

    I think the money managers nipped all that in the bud.

    •  Doesn't mean they are bad, just not a panacea (0+ / 0-)

      We had a Woodman's near us when we were in Illinois.
      Down here in Texas, there's a Winco by my mother. We hit it whenever we get over there. Best bulk section around, and whole-bean espresso blend we enjoy drinking for a good deal less than the alternatives from Peet's and Trader Joe's that we would otherwise buy.

      Best thing?
      Good service.
      Surprising number of employees with smiles.

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

      by dinotrac on Wed Aug 13, 2014 at 02:22:49 AM PDT

      [ Parent ]

  •  I am a big fan of employee owned businesses (1+ / 0-)
    Recommended by:
    Amber6541

    and hope to start writing about them later this year.

    It would be great if the Market Basket employees could purchase the company. They just need to find about $3B to buy it.

    "let's talk about that" uid 92953

    by VClib on Tue Aug 12, 2014 at 06:01:09 AM PDT

    •  Would the Arthur T. be able to... (1+ / 0-)
      Recommended by:
      VClib

      ....declare himself an employee and get the rest of the employees close enough to the $3B so that (for the sake of discussion) the Mother of All Kickstarters gets them over the top, or would some other "deep pockets" have to underwrite Arthur T. and the employees?

      Change does not roll in on the wheels of inevitability, but comes through continuous struggle. --Martin Luther King Jr.

      by Egalitare on Tue Aug 12, 2014 at 06:43:43 AM PDT

      [ Parent ]

      •  Arthur T. would qualify as an employee (1+ / 0-)
        Recommended by:
        Egalitare

        if he was the CEO. However, AT needs about $1.5B to buy out his cousins. That requires a very deep pocket. Employee ownership structures take time to implement and don't lend themselves to situations where speed is required. If he regains control AT could implement an employee ownership program which could used to pay down the substantial debt that will be in place post the buyout.

        "let's talk about that" uid 92953

        by VClib on Tue Aug 12, 2014 at 08:17:46 AM PDT

        [ Parent ]

  •  I'm fine with no paid vacation days. (0+ / 0-)

    Haven't had a paid vacation day in 13 years.

    But then, I haven't worked a "job job" in 13 years, either.

    Vacation means losing income.
    And that's OK.
    It means losing income for those with paid vacations, too.
    It's just that their employers do what I have to do: even out the earnings from heavy times with those of low times.

    For those who like a steady check, it's a good thing.

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

    by dinotrac on Wed Aug 13, 2014 at 02:13:55 AM PDT

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site