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By Rachel Goldfarb, originally published on Next New Deal

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A New Reason to Question the Official Unemployment Rate (NYT)

A new report says that unemployment data has become less accurate over the past 20 years, in part because of declining survey response rates, writes David Leonhardt.

Objecting to Austerity, French Style (New Yorker)

John Cassidy looks at the implosion of the French government this week, as three ministers, including the economy minister, have been pushed out for their objection to austerity policies.

Money for Nothing: Mincome Experiment Could Pay Dividends 40 Years On (AJAM)

Recently analyzed data from a 1970s Canadian experiment in guaranteed basic income shows far-reaching benefits in health and education, writes Benjamin Shingler.

Companies Say ‘No Way’ to ‘Say on Pay’ (WSJ)

Emily Chasan examines the companies that have repeatedly failed Say-on-Pay shareholder votes on their executives' pay packages, and what they have in common.

  • Roosevelt Take: Roosevelt Institute Fellow Susan Holmberg looks at how Say-on-Pay can curb sky-high executive compensation.

SEIU Wins Election To Represent Minnesota Home Care Workers (HuffPo)

Dave Jamieson says that yesterday's vote, which created Minnesota's largest public-sector bargaining unit in history, shows that unions are not letting Harris v. Quinn slow organizing.

Burger King’s Supremely American Habit (MSNBC)

Timothy Noah points out that Burger King, which might be planning an inversion to avoid U.S. corporate income taxes, already pushes as many costs as possible off its parent company.

Mayor Garcetti Pitching New Minimum Wage Plan to Business Groups (LA Times)

Catherine Saillant reports on business opposition to the Los Angeles mayor's plan, which would raise the city's minimum wage to $13.50 over three years and then tie it to local inflation.

Originally posted to Daily Kos Economics on Wed Aug 27, 2014 at 05:13 AM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  guaranteed basic income ... post-worker economy (1+ / 0-)
    Recommended by:
    guaranteed basic income shows far-reaching benefits in health and education
    ... that that was before we started transition to the post-worker economy.
  •  dyrte (0+ / 0-) ==
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  •  Austerity (1+ / 0-)
    Recommended by:
    In Spain, Portugal, and other countries at the periphery of the Euro zone, austerity has generated not just recessions but crunching depressions, which only recently have come to an end, with a return to modest growth. In countries closer to the core, including France, austerity has produced economic stagnation and given a big boost to right-wing extremists. Still, Wolfgang Schäuble, the German finance minister, and his fellow ordoliberals, to whom deficit spending is poison, refuse to bend. At some point, though, something has to give.
    If anything, Cassidy's comments are understatements. Finland, a periphery country, has slavishly adopted the austerity rumba only to grow a grey economy that benefits Estonian and Russian mafias, kick its young and mid-skill workers to the curb, and turn public service into a tax dodge. For classic-trained economists in what has traditionally been a free-speech zone, it's dangerous even to challenge the re-emergence of these 1880 economic policies. That was the real message in the French government sackings.

    Notably, Finland's government yesterday also gave a bumbling press conference about how GDP growth will be about zero for the near to medium term, even as public housing construction is way down and the dream of privatizing national assets 15 years ago has proven a turd on the revenue side. Austerity is the dream policy for lazy politicians as it requires no further analysis than saying no to new spending. Unfortunately, it is also a sure recipe for economic disaster in the mid and long term.  

    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 Wed Aug 27, 2014 at 10:12:20 PM PDT

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