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By Rachel Goldfarb, originally published on Next New Deal

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America's Social Safety Net is Failing Workers in the 'Gig Economy' (The Week)

Particularly in today's economy of short-term gigs, contract work, and other forms of precarious employment, Sarah Jaffe says the current system of unemployment benefits isn't cutting it.

  • Roosevelt Take: Roosevelt Institute | Campus Network Operations Director Lydia Bowers looks at some of the other labor protections missing in the gig economy.

By Any Measure, The Job Market Is Getting Better (FiveThirtyEight)

No matter how he counts the unemployed, Ben Casselman finds the same pattern: the ratio of job-seekers to available jobs has dropped significantly, almost to pre-recession levels.

Graphic: Unpaid Interns Have Few Legal Rights (Bloomberg Businessweek)

In this flowchart, Josh Eidelson lays out the scant legal protections afforded interns throughout the country, with details about relevant court cases and state-by-state variations.

Yellen Resolved to Avoid Raising Rates Too Soon, Fearing Downturn (Reuters)

Howard Schneider and Jonathan Spicer report that Federal Reserve insiders say Janet Yellen is showing extreme caution on raising interest rates, because inflation is easier to fight than recessions.

Another Argument Against the Medicaid Expansion Just Got Weaker (WaPo)

Jason Millman looks at the history of Medicaid funding, and finds that states don't really have to worry about the federal government backing out of its share of expansion funding.

  • Roosevelt Take: Roosevelt Institute Fellow Andrea Flynn ties refusal to expand Medicaid to the U.S.'s high and increasing maternal mortality rate.

The Jobs Added In Today’s Economy Pay A Quarter Less Than The Ones We Lost In The Recession (ThinkProgress)

Bryce Covert looks at a new report from the U.S. Council of Mayors, which shows that the jobs added since the recession pay less largely due to the sectors in which jobs were lost and regained.

Labor and Small Businesses Team up on California Franchising Law (MSNBC)

The proposed law would make it harder to terminate franchise agreements. Ned Resnikoff says labor groups hope franchisees will treat workers better with less franchisor influence and interference.

New on Next New Deal

The Inconvenient Truth About Ineqality

In his video speculation for the Next American Economy project, Lenny Mendonca says a "vested set of interests" will keep the issues raised in Piketty's Capital out of real policy debates.

Originally posted to Daily Kos Economics on Wed Aug 13, 2014 at 05:05 AM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  From Charles Ferguson, creator of the "Inside Job" (1+ / 0-)
    Recommended by:
    No Exit

    Charles Ferguson: The Financial Crisis and America's Political Duopoly

    "...My answer is this: far from being in an era of brutal partisan
    warfare, as convention­al wisdom holds and as watching the nightly
    television news might suggest, the United States is now in the grip of a
    political duopoly in which both parties are thoroughly complicit. They
    play a game: they agree to fight viciously over certain things to retain
    the allegiance of their respective bases, while agreeing not to fight
    about anything that seriously endangers the privileges of America's new
    financial elites. Whether this duopoly will endure, and what to do about
    it, are perhaps the most important questions facing Americans. The
    current arrangemen­t all but guarantees the continuing decline of the
    United States as a nation, and of the welfare of the bottom 90% of its

    People who should be aligned in calling for fairer taxes, campaign
    finance reform, stricter financial regulation, better public education,
    and investment in America's infrastructure are instead divided by their
    opposing views on gun control, abortion, and gay marriage. It is a
    strategy that has worked remarkably well for both parties.

    Even so, the American people have begun to sense that the system is
    rigged, and the recent election results are partially a consequence of

    The USA Bankers Magazine famous quote :
    “If we can divide the electorate this way, we can have them expending
    their energies fighting amongst themselves, over issues that for us,
    have no meaning whatsoever"

    That was from the USA Bankers Magazine, "August 25, 1924" , Yes 1924

    You Don't Happen To Make It. You Make It Happen !

    by jeffrey789 on Wed Aug 13, 2014 at 07:08:44 AM PDT

    •  Both sides agree to fight over things that matt... (0+ / 0-)

      Both sides agree to fight over things that matter to the rubes (city or country)- abortion, gay marriage etc- while assiduously avoiding substantive issues (economics, civil liberties)

  •  The Cost Of Foreign Wars Clock (0+ / 0-)

    You Don't Happen To Make It. You Make It Happen !

    by jeffrey789 on Wed Aug 13, 2014 at 07:14:14 AM PDT

  •  Yay Janet Yellen! (0+ / 0-)

    She has turned out to be everything we hoped.

    Approaching a historic turn in U.S. monetary policy, Janet Yellen has staked her tenure as chair of the Federal Reserve on a simple principle: she'd rather fight inflation than another economic downturn.

    Interviews with current and former Fed officials indicate that Yellen and core decision-makers at the U.S. central bank are determined not to raise interest rates too early and risk hurting the fragile U.S. economy...

    After taking over from Ben Bernanke in February, she has developed a distinct style: off-the-cuff and personable in public appearances, unusually direct in calling attention to the plight of the unemployed, meticulous in her preparation for Fed meetings and highly attuned to the opinions of her colleagues, the Fed sources say.

    A common adjective used to describe her in meetings is "over-prepared." She is able to deeply question staff and colleagues about the fine points of their presentations, and so far has been able to forge consensus statements that have satisfied the Fed hawks most concerned about the inflation threat while keeping the central bank focused more on employment.

    I first heard of her when she was on the San Francisco Fed Board, leading the fight against the racist lie about the Community Reinvestment Act causing the mortgage meltdown. I'm so glad Obama put her on the Fed Board, and then made her Chair.

    Art is the handmaid of human good.

    by joe from Lowell on Wed Aug 13, 2014 at 08:03:38 PM PDT

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