How do we get our economy growing more robustly again? It's not through austerity -- cutting government spending and investment when private consumption and investment are already lagging -- as Paul Krugman reminds us again today.
This morning, Budget Secretary Zogby gave the Corbett Administration's take on the 2013-14 state budget at mid-year. While the current year budget seems manageable (revenues and expenditures coming in on target - so far), Secretary Zogby confirmed what the IFO had warned last month - that 2014-15 is about $870 million out of balance.
Earlier today I blogged about legislation in Pennsylvania that would prevent city and local governments from ensuring private-sector workers receive paid time off when they get sick – and why that is bad for Pennsylvania’s workers, economy, public health, and democracy.
This bill is being pushed in the state capital in response to a recent Philadelphia effort to enact an earned sick leave law that passed City Council but was vetoed by Mayor Michael Nutter.
State Representative Seth Grove of York County and business lobbyists want Pennsylvania to be the latest state to pass a law stopping city and local governments from ensuring private-sector workers receive paid time off when they get sick.
The second in an occasional series on reducing inequality
In the first post in this series, I suggested that American elite opinion might actually be swinging towards the need to take some long-overdue — and obvious — steps to reduce inequality, including raising area-wide wages in low-paid service industries through policy or by allowing workers to form area-wide labor unions.
The first in an occasional series on reducing inequality
Are American opinion leaders and policymakers finally ready for a serious effort to reduce economic inequality and rebuild opportunity in America?
In a series of blog posts, we will point to growing evidence that they might be, thanks to a powerful mix of unrelenting data on economic polarizations and worker campaigns demanding a change. Better late than never.
In this first entry, I want to set up the series with some context.
It’s been nearly two weeks since we released a report with the Multi-State Shale Research Collaborative finding that drilling in the six states that span the Marcellus and Utica Shale formations has produced far fewer new jobs than the industry and its supporters claim.
Last week, The New York Timesreported that Ron Unz, a conservative Silicon Valley millionaire and past Editor of The American Conservative, favors increasing California's minimum wage to $12 per hour.
The arguments he is making explain why a much higher minimum wage strengthens the economy and benefits taxpayers, and progressives should capitalize on his support to amplify these arguments in their own advocacy.